College costs must be transparent: Congress has to require schools provide families with the actual price of attending

Federal law does not require colleges to give families financial aid information in a clear and consistent way as it does for mortgages or credit cards.

A new report from the U.S. General Accountability Office found only 9% of colleges accurately report the out-of-pocket money families will pay to attend.

A quarter of financial aid offers do not distinguish between grants and loans.