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« Rescued from the Waitlist . . . or Not | Main | The Perks of Choosing a Less-Expensive College »

04/12/2012

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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.

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