Obama administration releases financial aid Shopping Sheet


July 24, 2012

ASU President Michael Crow and ASU have been part of the consulting group and among the first set of universities to move forward as leaders in this effort

Earlier this year, at the University of Michigan, President Barack Obama outlined the steps that his administration is taking to make college more affordable and to ensure that students “know before they owe.” Download Full Image

Today, as part of that ongoing effort, the administration unveiled the final version of the model financial aid award letter, or “Shopping Sheet” – an individualized standard financial aid letter that will help students understand their costs before making the final decision on where to enroll. The shopping sheet will allow students to easily compare aid packages offered by different institutions. To develop the Shopping Sheet, the U.S. Department of Education partnered with the Consumer Financial Protection Bureau (CFPB), a new independent agency established in the wake of the financial crisis.

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To view the Shopping Sheet, click the "Recommended Link" in the sidebar.
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ASU President Michael Crow and ASU have been part of the consulting group and among the first set of universities to move forward as leaders in this effort. 

Too often, students and families face the daunting task of deciding where to enroll, whether to write a check, or whether to sign for a student loan, without a clear explanation of what the costs mean, or how these costs compare to other colleges they are considering.  As a result, too many students leave college with debt that they didn’t understand at the time that they entered school. 

While many financial aid award letters provide this information, some can be confusing, lacking clear distinctions between grants and loans, as well as information about post-graduate outcomes associated with the institution. These obscurities make the task of comparison-shopping for the most affordable and appropriate college even more difficult.

The Shopping Sheet makes clear the costs and responsibilities of student loans upfront – before students have enrolled – outlining their total estimated annual costs, institutional rates of completion and default, and information about a student’s potential monthly loan payments after graduation. Ultimately, this tool provides students and their families with useful information that can help them make a more informed decision about where to attend college and to help them better understand the debt burdens that may be face after graduation.

Secretary Duncan today will publish an open letter to college and university presidents, asking them to adopt the Shopping Sheet as part of their financial aid awards starting in the 2013-14 school year. Additionally, colleges who agree to the Principles of Excellence for Serving Military and Veterans will begin using this form during the 2013-14 school year. Institutions of higher education interested in adopting the Shopping Sheet may contact the Department of Education at ShoppingSheet@ed.gov for additional information.

While states and colleges share responsibility to keep down the rising cost of college, improved consumer disclosures can ensure that students and families make wise decisions when investing in higher education. Learn more about President Obama’s comprehensive proposal to make college more affordable.

Sharon Keeler

2012 Olympics: Maroon and Gold goes for the gold


July 24, 2012

UPDATE: Sun Devil James Harden wins gold as part of the U.S. Men's Basketball team, resulting in a total of two gold medals for Sun Devils at London 2012.

UPDATE: Sun Devil Amy LePeilbet wins gold as part of the U.S. Women's Soccer team. The last Sun Devil gold medal was in 2004, won by Dwight Phillips in the long jump. Download Full Image

The 2012 Summer Olympics kick off July 27 in London, and 18 ASU Sun Devils will be among the ranks of the athletes going for the gold. Competing in nine different sports and representing seven different countries, this is one group of Sun Devils that’s headed all the way to the top – of the podium.


VIDEO: A special message from Olympian Riley McCormick from the 2012 London games 


This isn’t the first year that Sun Devils have headed to the Olympic Games – ASU has been represented at the Olympics since 1952, when Bill Miller competed in Track & Field in Helsinki.

At the 2008 Bejing Olympics, 19 athletes from ASU competed or coached in the games. The full list of year-by-year ASU Olympic results can be found here.

The gold-medal hopefuls are looking to join the ranks of the 23 other Sun Devils that have brought home Olympic gold, the most recent of which being Dwight Phillips, who stepped to the top of the podium for the long jump at the 2004 Athens games.

Coverage of the Olympics, including updates on each of the Sun Devil Olympians’ victories, will continue on this page. Click each of the athlete bios below to find out more information about them and their sport, as well as see updates on their progress.

Desiree Davila
Desiree Davila
(marathon – USA)
Kelsey Campbell
Kelsey Campbell
(wrestling – USA)
Zeke Jones
Zeke Jones
(freestyle wrestling
head coach – USA)
Alison Williamson
Alison Williamson
(archery – Great
Britain)
Amy LePeilbet
Amy LePeilbet
(soccer – USA)
Riley McCormick
Riley McCormick
(diving – Canada)
Gal Nevo
Gal Nevo
(swimming – Israel)
Micky Benedetti
Micky Benedetti
(diving – Italy)
Rowie Webster
Rowie Webster
(water polo
– Australia)
Eric Boateng
Eric Boateng
(men's basketball
– Great Britain)
Kyle Alcorn
Kyle Alcorn
(track and field
– USA)
Donald Sanford
Donald Sanford
(track and field
– Israel)
James Harden
Amy Hastings
(track and field
– USA)
James Harden
Ryan Whiting
(track and field
– USA)
James Harden
James Harden
(men's basketball
– USA)
Ike Digou
Ike Digou
(men's basketball
– Nigeria)
   
Ao Gao
Ao Gao
(water polo
– China)
Rita Keszthelyi
Rita Keszthelyi
(water polo –
Hungary)
   

Related ASU Olympians Coverage:
July 26, 2012
- ASU finalizes Olympic roster with two water polo players
July 19, 2012
- Ahead of the Recurve: An Alison Williamson Feature
July 12, 2012 - Former Sun Devil Alcorn Realizes Olympic Dreams
July 12, 2012 - Sun Devil Olympian: Kyle Alcorn
July 09, 2012 - Harden continues rise, will represent US at the Olympics
July 09, 2012 - Diogu, Harden join 14 Sun Devils competing in London Olympics
July 9, 2012
- Sanford Becomes Fifth ASU T&F Olympian of 2012
July 9, 2012 - We Always Liked Ike...And So Do Nigerian Olympic Fans As He Leads It To Olympics
July 7, 2012 - Former Sun Devil Hoops Star James Harden Named to 2012 U.S. Olympic Team
July 5, 2012 - Sun Devil Eric Boateng Makes Great Britain's Olympic Squad
July 1, 2012 - Sun Devils Wrap Up Olympic Track and Field Trials
June 29, 2012 - Alcorn Becomes Tenth ASU Olympian of 2012
June 26, 2012 - Three Sun Devil Alumni Advance to Finals After Another Day in Eugene
June 24, 2012 - Whiting Earns Bid to First Olympic Games in Shot Put
June 23, 2012 - Former Sun Devil Hastings American 10k Champ, Newest Olympian
June 19, 2012 - Bradshaw to Compete at USA Olympic Diving Trials
June 15, 2012 - Former Sun Devil Rowie Webster Named to Australian Olympic Team
June 14, 2012 - @FOXSportsArizona To Show Classic Harden Games Starting Thursday
May 4, 2012 - From ASU To USA Via OKC James Harden Added As Finalist For 2012 USA Basketball National Team


Read More:
Sun Devil Athletics - Olympics Home
Photo Gallery: Sun Devil Olympic Basketball Players
ASU journalism students to cover 2012 Olympics


Juno Schaser

Event coordinator, Biodesign Institute

480-965-0014