Calculating Estimated Costs of College
What will Colleges Expect Families to Contribute to College Costs?
A helpful tool to calculate estimated costs of college
There is a growing awareness of the need for better information to help prospective students and their families, as well as taxpayers and policymakers, secure a more realistic and encouraging picture of college affordability. A federally mandated “Net Price Calculator” (NPC) attempts to help aspiring students understand the difference between a “sticker price” versus a “net price” for a particular college.
Each institution has a Net Price Calculator on the school’s website. By subtracting an institution’s typical scholarship/grant awarded from its costs of tuition, fees, room and board, the family is able to roughly estimate an institution’s net price.
Other measures of calculating the Expected Family Contribution are available:
Please remember that these are only estimates. The actual calculations may differ and/or the formula may change.
Another significant effort to help keep colleges reasonably affordable has been undertaken by over 270 private institutions. Private College 529 Plan is their firm commitment to encourage families to plan and save for their children's and their grandchildren's college education by prepaying tuition at today’s prices that can be used at any member college and university in the future –for up to 30 years.
Private College 529 Plan is the best tuition solution! Costs, despite the pervasive economics, continue to escalate. The only way to beat this variety of grades inflation is to buy at today’s rate through PC529!