A Great Tool to Compare Net Price Among Schools
Net price calculators were introduced in 2011 as a way for families to determine their estimated cost of college before they applied. In today’s New York Times, there is an article about a company called College Abacus that aims to compare costs across schools so families do not have to enter information multiple times. Here is a [button color=”teal” link=”https://collegeabacus.org ” size=”default” target=”_self” block=”false”]link to the site[/button]and the [button color=”teal” link=”http://www.nytimes.com/2014/11/22/your-money/paying-for-college/college-abacus-offers-data-on-college-costs-but-some-schools-balk.html?module=Search&mabReward=relbias%3Ar%2C%7B%221%22%3A%22RI%3A6%22%7D” size=”default” target=”_self” block=”false”]NY Times article[/button]
So grab your tax return from last year and use it to determine your Expected Family Contribution (EFC) per school. This will give you a good sense of whether or not a school is within your budget.