A New Tool to Compare Financial Aid

<p>Paying</a> for College - Consumer Financial Protection Bureau</p>

<p>My DD isn't at this point yet but it may be helpful for others who are deciding where to go now.</p>

<p>The tool allows students to enter their own financial aid offers to have an in-depth, personalized look at how much each of their college picks may cost, all in one place. </p>

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<p>For students and parents who’ve spent the past few weeks crunching numbers from financial aid offers, a tool that the Consumer Financial Protection Bureau introduced on Wednesday may help make sense of it all.</p>

<p>The tool allows students to compare costs from three schools at a time. By entering only the names of the universities, students may see the estimated price of each college, the average amount of grants and scholarships students receive, the estimated debt burden and the estimated monthly student loan payments students can expect after graduation.</p>

<p>The tool gets more interesting after clicking its green “enter financial aid” button. By entering data from the schools’ financial award letters — including expected family contributions and military benefits, if applicable — students will be able to have a more realistic look at their college options, financially speaking.</p>