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InvestmenteducationUnited States only

College Cost Calculator

Total cost of a degree with everything beyond tuition counted. Tuition is typically around half the real figure, and costs keep rising during the degree, not just before it.

Also called: cost of college calculator, total degree cost.

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Total cost of the degree
$161,629.69

$161,629.69 for 4 years, net of $38,791.13 in aid. The first year costs $37,500.00 and the last $43,410.94, because costs inflate at 5% while you are studying. Tuition is only 60.22% of it.

First year, net of aid
$37,500.00
Final year, net of aid
$43,410.94
Total aid
$38,791.13
Cost before aid
$200,420.81
Tuition as a share of the total
60.22%
Monthly equivalent over the degree
$3,367.29

An estimate, not an offer or a guarantee. Projected returns assume the rate you entered holds for the whole term, which no market does.

Method and background

This is what the calculation gives for the numbers you entered. It is an estimate, not advice, and it knows nothing about your situation beyond those numbers. Rules for United States change on a published schedule; the effective date is shown on every rule-based tool.

How this is calculated

Tuition, accommodation, books and travel are added, aid is subtracted, and the net figure inflates across each year of study. Two things go wrong when people estimate this. Tuition is quoted and everything else forgotten, though accommodation alone often approaches it. And the first year figure is multiplied by four, ignoring that the final year costs materially more than the first at any realistic inflation rate.

the full sticker cost less aid, inflated across each year of study
c
Annual cost
a
Annual aid

Worked examples

Each of these is asserted on every build. If a change to the engine ever moved one of these answers, the build would fail before the page could print it.

a four year degree starting now

Annual tuition
$28,000.00
Room and board
$14,000.00
Books and supplies
$1,500.00
Travel and other
$3,000.00
Grants and scholarships
$9,000.00
Years of study
4
Annual cost increase
5%
Starting in
0

Total cost of the degree$161,629.69

46,500 gross less 9,000 aid; 28,000 of 46,500 is 60.22%

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no inflation makes every year equal

Annual tuition
$28,000.00
Room and board
$14,000.00
Books and supplies
$1,500.00
Travel and other
$3,000.00
Grants and scholarships
$9,000.00
Years of study
4
Annual cost increase
0%
Starting in
0

Total cost of the degree$150,000.00

boundary

Open this example

Method and limits

What it assumes

  • Aid stays constant in real terms, which is optimistic.

What it deliberately does not model

  • Aid packages often change year to year and are not guaranteed beyond the first.
  • In-state and out-of-state pricing differ enormously in public institutions.

Formula version 1.0.0 · definition 1.0.0 · United States · Report a problem with this calculator

Frequently asked questions

Why is the total higher than four times the tuition?
Because tuition is around half the real cost and because prices rise during the degree. Both effects compound.