Use these 3 tools to gauge college costs and returns

It’s no secret that college is expensive, no matter where you go. Many university administrators recommend that parents and their college-bound students prepare sooner rather than later to figure out how they’re going to afford it and get familiar with all of the terms.

Our friends at U.S.News & World Report recommend you check out three tools, which will help you get familiar with the ins and outs of college costs and post-graduate success.

  1. Net price calculators 
    Each college and university has one online, which will give you an idea – it’s only an idea, not an exact amount – of how much a particular school will cost.
  2. Loan calculators
    These will show you your estimated monthly loan payments, so you’ll know whether you can manage the payments. FinAid.org’s calculator is one such tool you can us.
  3. Graduation comparisons
    On NerdWallet, a personal finance website, you can find a college comparison tool to see what percentage of graduates from specific university departments are employed and what their average salary is. That way, you can get a better idea of the employment rate of the schools you’re interested is and an estimate of what you’re future salary might be.

We hope this helps. If you know of any other helpful tools just let us know so we can share.

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