Just enter the name of a college, and the Consumer Financial Protection Bureau’s new online tool will provide detailed cost and financial aid stats for the institution.
The tool allows you to compare up to three schools at a time. In addition to viewing institutional data, you can enter the details of your aid offers for easy comparison.
Click here to read more on the New York Times.
CFPB's tool for estimating and comparing tuition costs is very helpful, but when I did a cost comparison for three schools, it became immediately clear that far more important is being able to get some kind of a financial aid. So in my comparison, the sticker price for MIT ($55,270) was much higher than the one for the average four-year private non-profit university ($42,224). However, when you subtracted the average grants and scholarships, the average private school overtook MIT by a wide margin ($26,694 vs. $18,644). For more: http://blog.unibulmerchantservices.com/does-calculating-your-debt-help-reduce-it.
Posted by: Merchant Account | 04/17/2012 at 10:44 PM