Hello! I'm a junior and I'm trying to create my college list. I want to make sure I'm only applying to schools that are financially feasible for my family and me. How can I determine if a college is a good financial fit?
Hello! It's great that you're being mindful of the financial aspect when creating your college list. To determine if a college is a good financial fit, there are several steps you can follow. First, research the college's tuition, fees, room and board costs, and any other expenses associated with attending that school. This information is usually available on the college's website or through their financial aid office. Next, use the college's Net Price Calculator, which can also be found on their website. This tool will provide you with an estimate of the financial aid package you may receive, based on your family's financial situation and the college's typical aid awards. Keep in mind that this is just an estimate, and the actual amount of aid you receive might differ. After using the Net Price Calculator, subtract the estimated financial aid from the total cost of attendance to get your net price. This will give you a rough idea of what you'd need to pay out-of-pocket or through loans. If the net price seems manageable for your family, then that college might be a good financial fit. Remember to also consider any scholarships or grants you might be eligible for, as these can significantly reduce your costs. Good luck in your college search!
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