November calendar: analyze costs

this is a good time to analyze costs

With your application completed and ready to submit, now take the time to analyze costs. Understanding total costs can help determine which college fits your overall objectives in education needs and price.

Below are two (2) quick summary tasks for the month of November:

Page Topics:

for HS seniors

Understanding College Costs

Don't let cost disqualify one school from another. Your "preferred" school may offer programs that can help you pay the cost.

But cost is an important criteria. You don't want to become so saddle with debt when you finish school. A less expensive school may offer the same program and benefits as the more expensive school. So do your research.

Summary of Costs:

  1. School Tuition and Fees:
    cost to attend class instruction and the use of facilities, labs, libraries and all other related services for each enrolled student

  2. Books and Supplies:
    the estimated amount for books and supplies the student will be required to purchase for classroom instruction — this item may include a computer and other electronic & telecommunication devices

  3. Computer and Other Electronics:
    not necessarily required since colleges offer computer labs and other shared facilities. However, given the electronic push made by colleges and the use of online assignment and instruction, it will be the student's advantage to have their own personal computer along with a printer and other necessary electronics

  4. Room and Board:
    the estimated cost for housing and food if you live in a residence hall; if you live off campus, food expenses are not estimated

  5. Transportation:
    the estimated cost for 2-3 round trips from your home to school; if you live with your parents, the estimated commuting costs will be calculated

  6. Personal Living Expenses:
    the estimated cost for clothing, grooming supplies, laundry and limited entertainment

  7. Other Personal Costs:
    personal expenses that are specific to the student such as disability expenses, dependent care, loan fees, etc.

  8. Miscellaneous:
    any other expenses that you can identify with your school's Financial Aid Office.

for HS seniors

Add Your Costs Up

Use the calculator below to get a rough estimate. The calculation will provide you a fairly good idea on what to expect as you finalize your decision `where to attend college:

Cost of Attendance
Tuition and Fees
Class/Lab Fees
Room and Board
Other Expenses
Personal Needs
Special Events
Cost of Attendance
Other Costs
Total Estimated Costs

Use this college comparison worksheet to help in pricing comparisons and benefits among colleges.

File Type: excel