Here are sample annual costs of attending three different colleges:
|
Community
college |
State
college |
Private
college |
| Total cost of attendance |
$4,200 |
$9,300 |
$19,800 |
If you don't have ample savings, you may think that the low cost college is the only option. However, first factor in financial aid for which you are eligible at each college. You may find that you can afford a college with a higher total cost of attendance.
|
Community
college |
State
college |
Private
college |
| Total cost of attendance |
$4,200 |
$9,300 |
$19,800 |
| Expected Family Contribution |
-4,100 |
-4,100 |
-4,100 |
|
======= |
======= |
======= |
| Aid eligibility |
$100 |
$5,200 |
$15,700 |
| Sample aid packages |
|
|
|
| Pell Grant |
0 |
0 |
0 |
| State scholarship |
0 |
0 |
2,500 |
| Institutional grant |
0 |
2,400 |
6,900 |
| Work-Study |
0 |
0 |
2,220 |
| Perkins Loan |
0 |
0 |
1,000 |
| Federal Stafford Loan |
0 |
2,625 |
2,625 |
|
======= |
======= |
======= |
| Total aid |
-0 |
-$5,025 |
-$15,245 |
Amount not covered by aid
(in addition to EFC) |
$100 |
$175 |
$455 |
Learn about additional sources to help pay for college. |
