Giving Compass' Take:

• The Hechinger Report highlights a new website that recently was launched which shows trustees, lawmakers, administrators and families how colleges spend their money.

• How will websites like this effect the way we donate or apply to colleges and universities? Can this knowledge also drive higher education to spend their money more wisely?

Here's how families and students can make college more affordable and reduce expenses. 

WASHINGTON, D.C. – We know that college costs are increasing, but what’s harder to find out is where the money is going.

The American Council of Trustees and Alumni on Wednesday launched a site that makes it easy to track how your hard-earned tuition dollars are spent:

It’s geared toward college trustees, lawmakers and policy wonks, who can use the site’s data to lobby for or against government spending for higher education or to compare their institution to others. But parents and students can take advantage of it as well. It’s a quick way to figure out not only how much a school costs but also how much of that cost is actually spent on classroom instruction.

Read the full article about college spending under scrutiny by Delece Smith-Barrow at The Hechinger Report