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Thursday, January 18, 2018

Calculating the Cost of College

An excerpt from the Washington Post -

These 31 colleges — including Yale — are now using a fast and easy financial aid calculator
By Nick Anderson

When his two sons were growing up, a college professor named Phillip Levine found himself 10 years ago asking a question on the minds of parents perennially worried about the price of higher education: Would they qualify for financial aid?

Levine, a Wellesley College economist, was frustrated to learn there were no easy answers beyond the scary sticker prices and pledges from certain colleges that they would meet the need of students they admit.

“How can you expect people to make educated decisions about the right thing to do when they have absolutely no idea what the cost is?” Levine said. “It’s crazy.”

So Levine set out to build a tool that would provide some quick and reliable answers. On Wednesday, Yale University and 15 other schools announced that they would use a version of his calculator now known as MyinTuition. (Get it?) That brought the total involved in his nonprofit initiative to 31, including Wellesley, which in 2013 became the first to use Levine’s calculator.

https://myintuition.org

https://www.washingtonpost.com/news/grade-point/wp/2018/01/17/these-31-colleges-including-yale-are-now-using-a-fast-and-easy-financial-aid-calculator/?utm_term=.ef099048b5b5

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