Tuesday, February 19, 2013

Colleges Are Required to Help You Calculate Total Costs

Colleges are required to help you calculate total costs

Figuring out just how much college will end up costing isn’t as easy as it might seem. There are often fees and costs you might not anticipate. However, thanks to a relatively new law, all colleges and universities participating in federal student-aid programs must have a net-price calculator on their websites.

The calculator gives you a better idea of the total cost for each individual college or university. It does so by taking into consideration tuition, fees, room and board, books, transportation, and personal expenses. It will also figure in any aid you anticipate receiving, such as Pell Grants or scholarships. You can usually find the calculator in the "Admissions" or "Financial Aid" sections of a school's website.

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