The tool allows prospective students to estimate the cost of attending a specific university after factoring in grants and scholarships. This estimation is based on the financial information provided by the student’s family, such as income, assets, and family size. By inputting the required data, families can receive an approximate calculation of what they would actually pay, making the college selection process more transparent and manageable.
Understanding the potential financial obligation associated with higher education is crucial for informed decision-making. This resource enables families to proactively plan and explore financing options. Furthermore, it can provide an early indication of eligibility for need-based aid, facilitating a more realistic assessment of affordability before application submission. Historically, access to such financial planning resources has been limited; the advent of these online calculators represents a significant step towards greater equity in higher education access.
