Are you experiencing sticker shock as your child begins selecting the colleges to which he or she will apply? You aren’t alone. Many families see the school’s published cost of attendance, which generally includes tuition, fees, room and board, books, and personal and transportation costs, and wonder how they will pay the bill. Some cross the school off their child’s list entirely.
The Benefits of Using a College’s Net Price Calculator
Help is at hand! The college’s Net Price Calculator (NPC) will give you an estimate of what it might cost your family to send your child to a particular school. The NPC, which only takes a few minutes to complete, can give you an idea of the need-based aid and, in some cases, the merit aid your son or daughter might receive which will reduce the amount the family will have to pay. The calculator will also estimate your child’s eligibility for work study funds and federal student loans.