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Posted on 05.06.08 by Todd Johnson 1 Comment

What will that selective college cost me?

The Project on Student Debt has put together an analysis of what a typical family with different income levels would have to pay at many of the colleges that have revised their financial aid packages in the past year. This analysis reviews the colleges that have pledged to improve their aid and then examines what a family at different income levels would pay at each college. For example, a family making $60,000 a year with typical assets would pay $13,800 at a University of California school, $11,306 at Amherst, and only $4,000 at Harvard.

This document makes it very easy to compare many of the highly selective colleges that a student might be considering to determine where they might get the best financial aid package, assuming acceptance. Of course, as I have said many times before, cost is not the only factor in choosing a college. But for many families it is an important factor. However, given the current difficulties with acceptance to many of these colleges, one needs to evaluate their reasonable chances of acceptance into a particular college and not focus entirely on the cost. While Harvard might be the cheapest choice for a student from a family earning $60,000 a year, with an acceptance rate below 8%, I would never recommend that a family count on acceptance.

You can trust us to help you find the best college for your needs. We offer a FREE 1/2 hour consultation to discuss your needs for college admissions counseling. Give us a call now at 888-970-BSMD(2763) or drop us an email.

Categories: College Admissions Counseling, College Financial Aid Tags: College Admissions Counseling, College Financial Aid

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Todd Johnson

Todd Johnson is the founder of College Admissions Partners. Todd regularly teaches other independent college admissions counselors and is the country's leading expert in BS/MD admissions. He is also the author of a best selling book on BS/MD admissions.

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  1. The Free College Counselor: The College Search Part 2 « The Free College Counselor says:
    June 8, 2008 at 2:15 pm

    […] end up not being able to afford them. I found a site with a truly fantastic article on it regarding how much college costs called College Admissions Counseling so check out that site if you want to know more about […]

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