<p>In the journey of colleges selection, many colleges are affordable to my family in term of current tuition rate. However, when my parents learnt that tuition and fees will keep increasing at the average rate of 5% per year. This fact makes a difference.</p>
<p>In a 4-year college, I will pay about 12000$ ( 2 + 4 +6 ) more after 4 years if that college does not make any change in financial aid when tuition increases. Because that is a significant amount, my parents are so worried that we cannot afford that college.</p>
<p>Do we really have to expect this increase in tuition fees and lower the EFC when applying or choose cheaper colleges ?
Tuition increase rate is higher than inflation rate, which is very weird.</p>
<p>Your parents are smart to take this into consideration. When you are comparing the cost of college, be sure to include all the factors that make up the overall Cost of Attendance (COA). Each place should have those figures on its website. Tuition and fees aren’t the only things that increase each year. Housing, meal plans, books, etc. Can go up too.</p>
<p>If this school looks unaffordable, you may want to consider other options.</p>
<p>Need more advices ! Will some colleges revise the financial aid package when tuition rises, may be more campus jobs, grant, loan… ? In this unstable economy, policies will change frequently. I and my parents feel so risky.</p>
<p>In new few years, fees at some pricest colleges will be at approximately 65000$. That is a nightmare.</p>
<p>Some do, some don’t. You have to ask each place what their policy is. You also could read through some of the threads in the Financial Aid Forum to get useful ideas.</p>