Clarity and Confusion From Tuition Calculators

January 15, 2013

The annual ritual of college admissions has shifted from the season of applying to the season of waiting. While that means an anxious vigil for millions of teenagers like Zachary Ewell, it goes double for their parents. Heidi and Mike Ewell must wait not only to learn where Zachary will go, butalso how many thousands of dollars they will have to pay. Zachary, a senior at Oak Park and River Forest High School near Chicago, and his parents have a new window into college pricing that millions of families before them did not. Federal rules require colleges to provide online calculators that generate a personalized estimate of the net price of attendance, based on answers to aseries of questions about a family’s finances.

Article Source: New York Times