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Tuesday, July 5, 2011

Uncle Sam ranks college costs

For the first time ever, the government is ranking American colleges and universities by affordability.

Using a new interactive tool launched by the Department of Education, students and parents can search public and private colleges by not only their published tuition prices, but also by their "net price" -- the average costs after tuition, room and board, book fees and financial aid are all taken into consideration.

The tool, called the College Affordability and Transparency Center, was mandated by education reforms passed by Congress in 2008, and is meant to reveal the true costs of going to college.
Each individual college self reports its data and has had several opportunities to revise their numbers if needed.

This site, along with the linked College Search are great tools to help drill down to the true cost of attendance at a school.