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College Finances Calculator

Please use your FAFSA Student Aid Report (SAR) and the award letter from the college you will be attending to complete the Financial Eligibility Calculator. Please be sure to “tab” through all fields as you enter the numbers.

College Finances Calculator for 2017 - 2018

COST OF COLLEGE: The TOTAL figure from either A, B or C below:
EFC (Expected Family Contribution) from your Student Aid Report -
All grants and awards from your college (Do not include loans.) -
All scholarships from organizations outside of the college -
Scholarship Eligibility Need =

How To Calculate Your Cost Of College

Use only one of the three boxes to the right to calculate the cost of college depending on the specific cost information you have available. Use the total Cost of College figure both in the Financial Eligibility Calculator, above, and in the “2015-2016 Cost of College” field on the application itself.

  • Click on the link below the yellow box (A) to see if your college’s costs are included on our list. If so, enter that information in Box A, then write the TOTAL Cost of College on the Financial Eligibility Calculator’s first line and in the application’s field, “2016-2017 Cost of College.”
  • If your college is not on our list but you have the 2016-2017 costs from the internet or your award letter, use that information in the blue box, B. Write the TOTAL Cost of College on the Financial Eligibility Calculator’s first line and in the application’s field, “2016-2017 Cost of College.”
  • If your college is not on our list and you only have 2015-2016 costs, use the pink box, C. The cost will be adjusted to approximate the increase for 2016-2017. Write the TOTAL Adjusted Cost of College on the Financial Eligibility Calculator’s first line and in the application’s field, “2016-2017 Cost of College.”

* Use only fees for student activities, health services (not insurance), and technology expense.

** If you are commuting from home, do not include the room and board expense. Instead, write $3,000 in that blank, which is the allowance for commuter expenses. If you are living off campus but not at home, use the college’s room and board expense.

NOTE: Please “tab” to each field, including the TOTAL Cost of College field, to see the final figure.

A) 2017-2018 Costs from this website
* Tuition and Fees
** EITHER Room and Board OR $3,000 Commuter Allowance +
TOTAL Cost of College =
B) 2017-2018 Costs from the College Website
Tuition
* Fees +
** EITHER Room and Board OR $3,000 Commuter Allowance +
TOTAL Cost of College =
C) 2016-2017 Costs from the College Website
2016 Tuition
2016 Fees +
** EITHER Room and Board OR $3,000 Commuter Allowance +
Total 2016 – 2017 =
TOTAL Adjusted Cost of College =