[caption id="attachment_50605" align="alignleft" width="150"] With 7,000 schools across the country using different forms to show costs, scholarships, and loans, it can be hard to compare.[/caption]

When excited students tear into college acceptance packets next spring, many will find something new inside: information that tries to make it easier to understand the costs.

The federal government and more than 300 colleges and universities want to make sure students “know before they owe” what could be bills for thousands of dollars awaiting them down the road.

That’s what Richard Cordray, the director of the Consumer Financial...

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