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Use College Calculators to Estimate College Costs

May 30, 2009 | Financial Tips | No Comments

The higher education law passed by Congress last year requires that all colleges have net price calculators on their websites by 2011 to determine out-of-pocket cost and financial aid packages available.

The calculators ask for a variety of information similar to the Free Application for Federal Student Aid (FAFSA).  The calculators then use this information to deterrmine how much a student or family is expected to pay. 

Additionally, the calculators will highlight the cost to attend that specific school and financial aid package the school might offer to make up the different between the student/family out-of-pocket contribution and the total bill.

There are several universities that already have calculators which include:

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