How to use Harvard's cost calculator?

I've recently discovered that Harvard has a cost calculator for prospective students, but I'm not sure how to use it. Can someone guide me through the process, so I can estimate the cost of attendance?

Sure, I'd be happy to help you use Harvard's Net Price Calculator! The Net Price Calculator is designed to give you an estimate of the financial aid you might receive and the net cost of attending Harvard. Here's a step-by-step guide to using the calculator:

1. Access the calculator: First, go to Harvard's financial aid website and locate the Net Price Calculator. You can find it under the "Prospective Students" section. Click on the link to get started.

2. Read the instructions: Before you start, read the introductory information provided. The calculator will give you an estimate based on the data you provide, so make sure you have accurate financial information handy.

3. Basic information: Fill out the required basic information, such as the student's age, state of residence, and living situation. This helps the calculator tailor the estimates to your unique circumstances.

4. Parent financial information: In this section, you'll need to enter your parent(s)' financial information, including income, tax information, and assets. If your parents own a business or farm, you'll also need to provide details on that. Make sure to have relevant financial documents like tax returns and bank statements available to ensure accuracy.

5. Student financial information: Here, you'll need to provide your own financial information, including your income, any financial assets, and more. This might include summer jobs, work-study programs, or part-time jobs you held.

6. Review your results: After you've completed all required sections, the calculator will produce an estimate of your Expected Family Contribution (EFC) and the total financial aid package you might be eligible to receive. This includes grants, scholarships, work-study, and loans. The net price is the difference between the total cost of attendance and the expected financial aid.

7. Explore your options: Use the results to help you understand how affordable Harvard might be for you. Keep in mind that the estimate is not a guarantee, and actual financial aid packages may vary based on additional factors not included in the calculator.

Remember that the Net Price Calculator is just an estimation tool; your actual financial aid package will be determined by Harvard's financial aid office after you submit your application and the required financial aid documents. I hope this helps you understand how to use the calculator and get an idea of the potential costs of attending Harvard!