How do I choose a college that's a good financial fit?

Hi, guys! I'm trying to figure out which colleges would be a good financial fit for me and my family. How did you decide? What factors should I consider? Thanks for any input!

Hello! It's great that you're considering the financial aspects of college, as it's an important factor for many families. When my child and I were going through the college selection process, we found a few key factors to consider in determining a good financial fit. Firstly, consider the net price of each college. This is the total cost of attendance (tuition, fees, room, board, etc.) minus any financial aid you may receive. Net price calculators, available on college websites, can help you estimate this cost for each school. Secondly, research the types and amounts of financial aid each college offers, such as scholarships, grants, and work-study opportunities. Remember to pay attention to merit-based aid (based on academic achievement) and need-based aid (based on financial need). Lastly, think about the potential return on investment (ROI) for each college. This includes factors like graduation rates, post-graduation employment rates, and average starting salaries for graduates in your intended major. By considering these factors and discussing them with your family, you'll be better equipped to find a college that is a good financial fit for you. Best of luck!