Comparing college costs is not as straightforward as reading the financial aid award.
College financial aid offers do not differentiate between grants scholarships and loans when showing what you need to pay Be careful when comparing
The cost of college has 2 significant factors. How much will you need to pay and borrow and how long it will take to graduate? Many colleges have very low 4-year graduations and the average may be 9,10 or even 11 semesters
Chapter 4 of Financially Independent Teens goes into more detail on how to do a college cost comparison and the importance of learning the average number of semesters it takes to graduate from each college you are comparing and explains how to understand your financial aid offer
The book Financially Independent Teens, available on Amazon, covers many more topics than just financing college. It covers the basics of what every young person should learn about money, budgeting, credit, investing, your first job, entrepreneurship, and how to plan for a successful life after college.
For more information check out our website https://parentsfin.wixsite.com/website/books or our books Raising Financially independent Children, Financially Independent Teens, Financial Essentials for Couples, Financial Essentials for Women by Women s and Financial Essentials on Amazon
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