Secretary of Education John B. King, Jr. on College Scorecard & Pell Abacus

“Now as you complete your college application and your FAFSA, one of the things you want to think about is: "What's the real cost of a college for me?" I was at a high school in Washington, D.C., a few months back when students were looking at something called the Pell Abacus. It's a tool that uses information from the Scorecard to help students figure out what schools will actually cost once you account for grants and other financial aid.

And I was sitting with a student who discovered, while using the Pell Abacus tool, that the school he thought was inaccessible, that was going to be unaffordable, actually was less expensive than the school he thought he had to go to for financial reasons. The only reason he knew that is because he took advantage of that tool and took advantage of the information about his options.”

Read the full speech on the U.S. Department of Education's website.