A tool provided by the institution allows prospective students and their families to estimate the cost of attendance after factoring in potential financial aid and scholarships. This estimation is based on the individual’s unique financial circumstances, as provided through a series of questions regarding income, assets, and family size. The resulting calculation offers a personalized projection of what the individual might expect to pay to attend the university for one academic year.
The primary benefit of using this tool is to gain a clearer understanding of the affordability of pursuing higher education at the specified institution. It helps families plan their finances effectively, explore potential funding gaps, and make informed decisions about college enrollment. Historically, institutions have implemented these calculators to promote transparency and accessibility in higher education financing, empowering prospective students to navigate the complex landscape of college costs.