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Handbook for Student Law for Higher Education Administrators, Third Edition

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James Ottavio Castagnera

The Handbook for Student Law for Higher Education Administrators, Third Edition is a practical tool, intended for administrators dealing with students in higher education, focusing principally on four-year institutions. Addressing the ever-evolving relationship between higher education and the law, the book will provide the academic administrator with the means to knowledgably and confidently navigate the many legal threats and challenges facing colleges today. Focused on the "hot" issues in higher education today, and using examples from real cases and scenarios from many institutions, the handbook provides sample policies, checklists, and advice that administrators can apply to a wide variety of situations, both preventatively and proactively. The Handbook for Student Law for Higher Education Administrators, Third Edition is a compendium of practical knowledge and guidance, useful to all administrators dealing with the legal minefield that is higher education.

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Chapter 2: Financial Aid and the Student Loan Crisis

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FINANCIAL AID AND THE STUDENT LOAN CRISIS

The Issue of “Sticker Price” v. Tuition Differentials

In 2013 the U.S. Department of Education initiated the College Scorecard (https://collegescorecard.ed.gov/). In the DOE’s own words,

Following President Obama’s State of the Union address, today the U.S. Department of Education released an interactive College Scorecard, which provides students and families the critical information they need to make smart decisions about where to enroll for higher education. (http://www.ed.gov/category/keyword/college-scorecard)

The College Scorecard ostensibly provides students and families with clear information through an interactive tool that lets them choose among any number of options based on their individual needs—including location, size, campus setting, and degree and major programs. Each Scorecard includes five key pieces of data about a college: costs, graduation rate, loan default rate, average amount borrowed, and employment. These data will be updated periodically, and the Department plans to publish information on earnings potential in the coming year.

The beauty of the College Scorecard, so far as cost is concerned, is that it endeavors to present actual cost of attendance in lieu of sticker price. Take ← 35 | 36 → for instance my own home institution, Rider University. In 2016, tuition was flirting with $40,000, while room and board could add in excess of $10,000 more. But, according to the Scorecard, the actual annual tab, after all forms of aid, including the school’s own average tuition...

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