How to Use the College Net Cost Calculator
Jun 20, 2012
Hidden costs and large numbers tend to make us feel overwhelmed. You may think that you've calculated your college costs each semester, only to find out at the beginning of the year that you owe more than originally thought. Be prepared for out-of-pocket costs by using the College Net Cost Calculator.
This website was created with future students in mind. Choosing and attending a college is one of the most difficult decisions in a person's life. You never know if you'll be good enough to get into an Ivy League school or if you should save money by attending a community college first. CollegeData should be used by all prospective students to weed through scholarships, colleges and costs. Using the tools available on the website, CollegeData can help you decide what colleges are the best matches for you, what chances you have of being accepted to certain colleges and which scholarships are best for you.
Net Cost Calculator
This tool is perfect for both students and parents. Using the College Net Cost Calculator, you'll be able to compare college tuitions and see how much you'll likely need to pay out-of-pocket. This tool not only helps you anticipate costs, but can also aid you in your college decision.
How It Works
While not able to give you the exact amount you'll need to personally pay for college, the site uses common college and financial aid statistics to dictate what you may owe. This amount will be saved to your account and can help you while you navigate the other website tools. In fact, they can use this amount to locate colleges that best match your finances.
Why Use It?
You should use this calculator to help you distinguish your costs with colleges. If you're like most perspective students, you're likely trying to decide between two or more colleges. This calculator can provide a basic guideline of how much the schools will require from you and your family. Some colleges may have similar tuition costs, but are not known for handing out as much financial aid - which could drastically change the amount of money you'll need to pay. You may also believe that you'll be completely covered by financial aid just to find out that, on average, only 13% of students are fully covered.
How to Use It
You must first sign up for a free account with CollegeData.com - this will be beneficial for you when searching through colleges and looking for scholarships (you can even save ones that you are interested in to look at another time). Once you have an account, click on the net calculator tab. This will take you to the main screen which will ask you to enter the school that you're interested in. Just follow the instructions until you are given your estimated net cost to attend. They also include the average percentage of students who received full coverage, took loans out and how much tuition was covered by financial aid.
Now that you know how much it costs to attend your college, see which colleges offer the best financial aid packages.