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A college cost calculator, in the United States, is an online tool allowing students and their parents to calculate how much college is likely to cost. [ 1 ] [ 2 ] Numbers are input into the online calculator, and if done properly, it gives an estimate of the likely expenses for that student attending that particular college.
When comparing college costs, don’t stop at the published tuition and fees.
In 2017, a federal endowment tax was enacted in the Tax Cuts and Jobs Act of 2017 in the form of an excise tax of 1.4% on institutions that have at least 500 tuition-paying students and net assets of at least $500,000 per student. The $500,000 is not adjusted for inflation, so the threshold is effectively lowered over time.
Tuition and fees do not include the cost of housing and food. For most students in the US, the cost of living away from home, whether in a dorm room or by renting an apartment, would exceed the cost of tuition and fees. [7] [9] In the 2023–2024 school year, living on campus (room and board) usually cost about $12,000 to $15,000 per student. [7]
For example, in 2011–2012, the average sticker price for tuition, fees and living expenses at private colleges, was $38,590 while the average actual cost was $23,060; at public colleges, the average sticker price was $17,130 and the average actual cost was $11,380. [59]
Harvard also ranks first in the number of ultra-high net worth alumni with assets greater than $30 million. Harvard's total number of ultra-high net worth alumni is more than twice that of the next highest ranking institution, Stanford University. These figures have not been adjusted for the relative size of these institutions.
Boston University (BU) is a private research university in Boston, Massachusetts, United States. BU was founded in 1839 by a group of Boston Methodists with its original campus in Newbury, Vermont. It was chartered in Boston in 1869.
Princeton University [10] University of Notre Dame [ 11 ] (During his Inauguration speech on September 13, 2024, President Rev. Robert A. Dowd, C.S.C. announced the expansion of its need-blind policy to all applicants - adding international students - beginning with the Class of 2029)