Finances and Affordability

College can be expensive, and the financial aid process can seem daunting. But many colleges and universities have resources that can help you and your family.

Once you factor in scholarships, grants, and other forms of financial aid, the full tuition cost becomes the “net price,” or the amount you and your family are responsible for paying.

Keep in mind the different types of financial awards you are applying for and receiving. Some, primarily loans, need to be paid after a certain time period. Others, like scholarships and grants, are essentially “free money”—they’re awarded without needing to be paid back. Before you send in your deposit, read all award offers carefully to make sure you know what kind of financial assistance each college is offering.

College admission counselors recommend that you reach out to financial aid offices as early as possible if you have questions about financial aid, including if your circumstances change during the process and if you need to appeal your award.