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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.
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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.
The law defines estimated net price as the difference between an institution's average total Price of Attendance (the sum of tuition and fees, room and board, books and supplies, and other expenses including personal expenses and transportation for first-time, full-time undergraduate students who receive aid) and the institution's median need ...
College expenses determined by net price calculators can vary by an average of $5,700. Ariel Skelley/DigitalVision via Getty Images PlusThe best way to figure out how much you have to pay for ...
Here’s a breakdown of the answers: 4% have enough funds to pay. 24% need another $5,000. ... experts advise families to fill out the net price calculator available on each college’s website ...
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, [58] [74] and to "demystify pricing".
They can also estimate out-of-pocket college costs using a net price calculator, which looks at the price of a school after subtracting grants, loans, work study, and other aid from the published ...