College may not be as expensive as you think
Most people overestimate how much higher ed will actually cost them. Phillip Levine, a professor of economics at Wellesley College and author of "Hidden Tuition," suggests that most students pay less than the sticker prices advertised by many colleges. While 35 percent of students at public four-year institutions pay the full list price, only 17 percent do so at private four-years colleges. These include UMass Amherst and the University of Alabama, where only 22 percent and 14 percent of all entering students pay the entire amount. Financial aid, however, can be awarded to students deemed unable to afford the sticker price. One survey found that 60 percent of respondents overestimated how much colleges really charge students, with a median of $16,000 and $28,000 too high at public and private nonprofit institutions. Every college in the country is required to have a net price calculator that provides an estimate of what your family might actually pay after financial aid. Levine suggests that families should use these tools to compare advertised prices.
gepubliceerd : Gisteren door in Finance
But here’s the strange thing: Most students don’t pay those sticker prices. Nationwide, 35 percent of students at public four-year institutions pay the full list price; only 17 percent do so at privat... [4407 symbols]
Onderwerpen: Academia
