Student loans: Will more transparency help?

Ten U.S. colleges and universities have committed to provide more information to students about tuition and other costs, including estimated monthly loan payments after graduation, as part of a federal push to improve disclosure to help prevent financial-aid recipients from overextending themselves, the White House said.

Leaders from those institutions, which include the state university systems in Maryland, Massachusetts, New York and Texas, were scheduled to meet Tuesday in Washington with Vice President Joe Biden, Education Secretary Arne Duncan and Richard Cordray, director of the Consumer Financial Protection Bureau to discuss financial aid transparency.

The White House said more disclosure is key to making college more affordable.

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