. >> reporter: financial aid expert mark kantrowitz says some of the letters use unfamiliar acronyms. look at this one: four different student loans are listed, but only one uses the word "loan." this one mentions "alternative financing" but doesn't say what that means. >> the information they get from schools sometimes, you need a magnifying glass and a dictionary and sometimes a financial advisor and a laywer to really figure it all out. >> reporter: the consumer financial protection bureau and the department of education are crafting a new way to show students how much they'll pay for college. it would list loans and scholarships separately and estimate a student's monthly loan payments after graduation. >> we need to make sure that people know what they're getting into before they sign up for mountains of debt. >> reporter: justin draeger advocates for financial aid administrators and says the draft is a good start. but, he says regulators should be careful about what disclosures they require of schools. he says his experience has shown that disclosing more information about finan