A financial estimation tool, specific to a particular institution, allows prospective students to gain insight into the potential cost of attendance after factoring in grant and scholarship aid. This mechanism requires users to input their financial circumstances and academic profile to generate a personalized estimate of what they might pay to attend the university for one academic year.
The availability of this instrument is significant because it promotes transparency and facilitates informed decision-making for prospective students and their families. It allows them to understand the financial implications of pursuing higher education at that institution and to plan accordingly. It represents a commitment to accessibility and affordability within the framework of higher education finance. Its presence is often mandated by federal regulations aimed at improving college access.
