When comparing schools, it's important to compare apples to apples.
Make a spreadsheet of all expenses (including fees) for each university you are considering. Subtract any aid that you are offered. Remember that scholarships and grants do not need to be repaid, but loans do (with interest).
College cost comparison
University A | University B | |
---|---|---|
Tuition and Fees | $15,000 | $35,000 |
Room and Board | $10,000 | $10,000 |
Total Expenses | $25,000 | $45,000 |
University A | University B | |
---|---|---|
Scholarships | $2,500 | $17,500 |
Grants | $5,000 | $5,000 |
Loans | $5,500 | $5,500 |
Total Aid | $13,000 | $28,000 |
University A | University B | |
---|---|---|
Expenses | $25,000 | $45,000 |
Financial Aid | - $13,000 | - $28,000 |
Total Out-of-Pocket Cost | $12,000 | $17,000 |