A reminder to look at net costs when comparing colleges

by Grace

Families should look at the net costs, after financial aid of all types, when assessing potential colleges.

Parents comparing college costs would be doing themselves and their kids a huge disservice if they just pay attention to listed tuition prices. What really matters is how much the school will cost you after financial aid and outside scholarships. And frankly some schools offer more scholarships than others….

Reyna Gobel offers a three-step method for getting started on a college list.

1. Have your son or daughter gather a list of 10 schools they’re interested in attending….

2. Use the net price calculators on each school’s website….

3. Talk to the high school counselor for your teen….

Net price calculators are imperfect estimators, so be aware of the cases where they are more likely to produce inaccurate results.

Related:  Are you eligible for a college tuition discount?

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Reyna Gobel, “Why Applying to Schools Based on Tuition Prices Can Cost Families Money”, Forbes, 8/31/2014.

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