GETTING THE BIG PICTURE
What is It Going to COST?
For most of us, college is going to be the second highest expenditure for our family, exceeded only by the purchase of our home. And, while it is true that the cost of attending college continues to rise, there is good news as well. Financial aid funding is available at the total level of $130 billion, with about two-thirds of full-time undergraduate students receiving grant aid. The choice of school has bearing on costs as well – over 50 percent of students attend four-year schools with annual tuition and fees below $9,000. Considering these factors, it helps us to realize that a college education remains an affordable choice for most families.
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What Do the COSTS Include?
When calculating college expenses it is imperative to know what is or is not included. Tuition and fees only? Books and supplies? Room and Board? Personal Expenses? Commuting? As a general rule, the cost of education for an academic year includes tuition, fees, room and board, books, academic supplies, personal expenses and, in many cases, travel between campus and home. But every institution of higher learning will define these terms differently.
Click here for more on components of total student budget.
A good place to begin is with the *College Cost Calculator."
Now let's take a closer look at a number of funding options that are covered through a FINANCIAL AID PACKAGE.