Calculator helps prospects recognize College can be affordable Twitter
Prospective students and their families often use price as the first factor to narrow down what’s possible when it comes to college selection. Lafayette is working to help prospects shift price behind other factors thanks to its partnership with MyinTuition.
The Quick College Cost Estimator provides a reliable estimate of what a family will have to pay based on just six simple questions.
“In three minutes, this innovative tool helps a family get a good idea of what a student may pay to attend,” says Forrest M. Stuart, assistant vice president for financial aid. “It helps clarify the misperceptions of cost.”
MyinTuition estimates the cost of college for each individual student, including out-of-pocket costs, available loans and work-study opportunities, and grant assistance.
“The tool is easy to use and more straightforward than the typical net price calculator,” says Greg MacDonald, vice president for enrollment management.
Lafayette is one of a cohort of peers adding the MyinTuition tool to assist students in reaching their educational goals. Others colleges include Williams, Middlebury, Hamilton, Colgate, Bowdoin, and Bates.
“Students should be considered for admission solely on their talents, potential, and individual qualities,” says Matt Hyde, assistant vice president for enrollment management and dean of admissions. “MyinTuition helps put the focus on our candidates rather than on their financial resources.”
The launch of the calculator corresponds with another initiative for campus visitors: appointments with a financial aid director. The goal is to help prospective students and their families understand the financial aid process and to answer individual questions. Appointments will be available starting in November.
To use the MyinTuition College Cost Estimator, visit the Admissions and Aid webpage.