Fox Sports asks college students, “How much will I pay in tuition and fees for college?”
The answer is not the same for every student, but it can be a major factor when you’re considering which college you want to go to.
The College Board and other schools use this question to estimate how much each student will pay in the next 12 months for their first year of college.
The cost depends on many factors including the types of colleges you’re enrolled in, the size of your family and the types and amounts of classes you plan to take.
Here’s how it works: College Board estimates the cost of tuition and related fees based on a student’s age, family size and the number of credits she or he plans to take at each of the four major schools, and also the number and types of classes she or she plans to enroll in.
For example, a 20-year-old who plans to major in finance and business administration could be charged between $1,000 and $3,000 for tuition, depending on the school she plans on attending.
However, for a 25-year old who wants to major on finance, the college could offer $1 to $4,000 per year in tuition for her.
Colleges can also offer other tuition benefits, such as discounts on room and board, or financial aid that’s available if a student doesn’t finish the program.
The college can also add in other costs, such the cost to register and pay for classes.
These fees can add up quickly, especially for students who don’t plan to complete their degree before graduating.
For more on the College Board’s cost estimate tool, visit collegeboard.org.