Wednesday, October 26, 2011

How Much Can You Pay for College?

Did you know that all colleges that participate in federal financial aid are required to post net-price calculators on their Web sites?  This new law is designed to help  prospective students estimate their out-of-pocket costs.  But while you're at it, you should find out what's included in the total cost of attendance.  It obviously includes tuition,  room and board, but do they include books in the total cost? What about travel expenses (and your travel may cost less than what they anticipate)? Does it include miscellaneous dollars for pizza, dry cleaning, etc.?  Student fees?

If you're not sure, talk to the financial aid office.  And make sure you know exactly which forms you need to fill out (FAFSA, CSS Profile, institutional forms).  It pays to plan ahead!

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