- College Sticker Shock
- How Much Does College Cost?
How Colleges Figure "Cost of Attendance"
A college's "cost of attendance"—the average cost to attend for a single year—is one of the biggest factors in your financial aid award.
Knowing a college's "cost of attendance" (COA) is critical when comparing aid awards. A college with a high COA may offer a generous aid package but still be more expensive than one with a much lower COA.
What's Included in the COA
As dictated by Congress, the COA is the average cost to attend for one academic year (fall through spring). It includes tuition and fees, books and supplies, room and board, transportation, and personal expenses. Colleges adjust the COA yearly to reflect changes to these costs.
How the COA Drives Your Financial Aid
The college subtracts your Expected Family Contribution from the COA to calculate your need for financial aid. The higher the COA, the more aid you will be eligible for.
Your Own COA May Be Different
Colleges create several official COAs that reflect differences in living costs (on-campus, off-campus, or at home) and in-state and out-of-state tuition. Your actual cost to attend might be more than the official COA depending on your major, participation in extracurricular activities, and travel expenses.
Examples of Private and Public COAs
Here are some COAs that colleges reported for the 2017-2018 academic year. These costs are for undergraduates living on campus and enrolled in liberal arts programs.
Cornell University (Ithaca, NY) – $70,371
Duke University (Durham, NC) – $72,554
Grinnell College (Grinnell, IA) – $65,814
Rice University (Houston, TX) – $63,458
Stanford University (Palo Alto, CA) – $69,584
Swarthmore College (Swarthmore, PA) – $68,334
Public colleges (for state residents):
University of Arizona (Tucson) – $28,177
University of California (Berkeley) – $36,015
University of Idaho (Moscow) – $21,300
University of North Carolina (Chapel Hill) – $25,407
University of Massachusetts (Amherst) – $30,814
University of Michigan (Ann Arbor) – $29,526
COA and Net Price
Your bottom line to attend any college is not the COA—it's the net price—the total out-of-pocket cost that you will actually pay. Net price includes the amount the college expects you and your family to contribute, any financial need unmet by the college, and any loans or work-study earnings (these forms of aid do not reduce what you pay out-of-pocket for college).
Note: Financial information provided on this site is of a general nature and may not apply to your situation. Contact a financial or tax advisor before acting on such information.