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The sticker price of college is the tuition and fees most schools list in their brochures. But a more valuable number for students (and parents) paying for college is the net price—the cost after scholarships, grants, and financial aid are considered. NPR has a new tool that will give you the net price for attending any of 1,550 colleges in the US.
The chart is based on the Department of Education’s College Scorecard, which reports on each college’s average net price for all students. NPR takes it a step further to break down the net price by family income, an important factor in determining how much aid and awards are granted.
One big takeaway you can glean from this tool is that for low- and mid0income households, elite private universities could be more affordable than public universities. Private schools offer steeper discounts for low- to mid-income families.
The cost of college is likely to be higher for higher-income households because there are fewer aid and grant sources, but NPR points out that almost no one pays full price at private universities.
Of course, this isn’t the exact price you can expect to pay at that college, since the financial package and price will also depend on other factors, such as how much the college wants you to attend.
Head to the link below to look up colleges’ net costs. If anything, it helps reinforce you shouldn’t rule out a certain type of school—public or private—based on your family income.
What You’ll Actually Pay at 1,550 Colleges | NPR via The Billfold
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