The Consumer Financial Protection Bureau (CFPB) has created a super tool that allows you to build a realistic picture of what the financial obligations will be to attend various colleges. You input your own estimated amounts along with the colleges' estimated annual cost of attendance, or upload your award letter information from your schools.
The Comparison Tool
Example Cases Using the Comparison Tool, 2015-2016
compares Montana State University, Colorado State University and University of Colorado in Denver
compares University of Colorado in Boulder, Northwestern University, California Polytechnic State University in San Luis Obispo.
Tips for Using the Tool
To use this tool effectively, you will be inputting loan amounts, award letter information, scholarship amounts, personal and family contributions. To learn more about these facets, go to:
- Award Letters
Learn about reading award letters correctly...
- Student Loans
Learn about the various types of student loans and annual loan limits that apply...
Learn about a variety of scholarships. Be aware, some scholarships offered by universities are simply dependent on high school GPA and ACT/SAT scores. These amounts, if offered, can be found on university websites.