Wednesday, April 24, 2013

A College Scorecard

The U.S. Department of Education's College Affordability and Transparency Center offers  pertinent information about the cost and value of individual colleges.  If you type in a school's name, you can find the average net price (that is, the average price for students after grants and scholarships), along with the loan default rate, the median amount borrowed, and the overall graduation rate.  There are also additional search options if you would like to look for schools based on specific majors and careers, campus settings, and size and location. 

Colleges are also required to post a net price calculator on their websites that allow you to enter simple information about your college plans and your family's finances in order to get an understanding of the financial aid you might receive/what you might be expected to pay.  Remember however, this is only an estimate.  You can access the net price calculator for individual schools through the U.S. Department of Education link mentioned above.

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