BUFFALO, N.Y. (AP) — Students headed to college next autumn at one of New York’s public universities should have a good idea of what it will cost them.

The State University of New York says all 64 campuses will begin using a standard financial aid award letter that will detail the cost of attending, financial aid offerings, as well as a school’s graduation rate, median borrowing and loan default rate. SUNY released samples of the letters this week.

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Chancellor Nancy Zimpher says the initiative is part of SUNY’s effort to decrease the loan default rate of SUNY students by at least 5 percent over the next five years.  The average default rate is now 13 percent.

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