You don’t buy a car without the ability to compare prices, quality, and financing options. The same goes for buying a house. Why can’t we do this for higher education? It’s one of the largest financial decisions an individual will make in their life. They should have access to the same tools to make sure they’re getting the best value for their investment.
That’s why I’ve re-introduced the College Transparency Act (CTA) with Sens. Elizabeth Warren (D-Mass.), Tim Scott (R-S.C.), and Sheldon Whitehouse (D-R.I.) to ensure truth in advertising so prospective students can make the best decision for their future.
CTA makes navigating the college decision process easier by providing prospective students and their families the information necessary to make a well-informed decision.
This information includes the cost, enrollment, retention, completion, and post-college earnings. This makes comparing colleges and majors easier. In effect, you will know if the value of your college degree is worth the price of admission.
Applying to college is a daunting process to begin with, but having this information in a transparent, user-friendly way lifts some of the burden surrounding this decision-making process.