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A college cost calculator, in the United States, is an online tool allowing students and their parents to calculate how much college is likely to cost. [ 1 ] [ 2 ] Numbers are input into the online calculator, and if done properly, it gives an estimate of the likely expenses for that student attending that particular college.
As defined in The Higher Education Opportunity Act of 2008, the net price calculator's purpose is: "…to help current and prospective students, families, and other consumers estimate the individual net price of an institution of higher education for a student.
Colleges are also required to post a Net Price Calculator, that determines for each prospective or current student a personalized Net Price, which is the COA minus need- and merit-based grant aid (not including loans or work-study programs). Financial aid cannot exceed the cost of attendance.
When comparing college costs, don’t stop at the published tuition and fees.
In the fall of 2011, colleges were required by federal law to post a net price calculator on their websites to give prospective students and families a rough estimate of likely college costs for their particular institution, [59] [75] and to "demystify pricing".
There are ways to sidestep college tuition. Here are 10 of the best options.
She is known for founding College Abacus, a net price calculator aggregator company, which she sold to Educational Credit Management Corporation (ECMC Group). [2] In 2020, she founded SwiftStudent , a free financial aid tool for students.
In 2023–24, the weighted average list price for annual tuition in the United States ranged from an average of $11,260 for in-state students at public four-year institutions to $41,540 for private four-year institutions. [7] Due to the high price of college tuition, about 43 percent of students reject their first choice of schools. [8]