Most people believe that school is much more expensive than it really is. Although some are expensive, there is most likely a school near you that is within financial reach.
Adding the financial aid you receive will further reduce your cost of education. When you apply for federal student aid, the college uses your cost of attendance (COA) in determining how much aid you may receive. The COA is the total amount it will cost a student to go to school, usually expressed as a yearly figure.
The COA includes tuition and fees; on-campus room and board (or a housing and food allowance for off-campus students); and allowances for books, supplies, transportation, loan fees, and if applicable, dependent care; costs related to a disability; and miscellaneous expenses.
Think of College an Investment, people with a bachelor’s degree can earn more on average than those with only a high school diploma. The earning potential between a high school diploma and a B.A. could be considerably more. Sacrifices that you will make for a college education should pay off in the long run.
Families often make the mistake of calculating only tuition and room and board when figuring out how much it will cost to send a child to school. There are additional expenses that you should estimate so that you have an informed idea of what the total college costs will be.
The charts below (‘living at home’ and ‘living away from home’) compares estimated college costs between CUNY, SUNY and an example of a private college based on attending a four-year school. Fees for CUNY and SUNY will vary based on individual schools. The private college costs will vary based on the college you choose. Information is based on the 2015-2016 academic term.