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Do you ever wonder how much your education is really going to cost you?
To get a clear picture, you must consider the net cost of your degree. The formula is simple: take the total cost (including all hidden fees) minus any “free money” you can get.
When you think about the cost of an undergraduate or graduate degree program, you likely think about tuition rates. But there is more to consider to understand the true cost of a degree.
Other educational costs include:
However, even with grants, scholarships, or paying out of pocket as much as possible, many students turn to student loans as a necessary means to an end. That said, you should do what you can to limit the amount you borrow in student loans. Even if you qualify for more money, only accept as much as you need to cover your expenses.
Figure out how much you need to borrow, estimate the total cost of your student loans (including interest), compute your monthly payments, and more using these financial aid calculators.
It’s important to understand the real cost of a degree and put a financial plan in place, before beginning a program. Remember this formula when you’re figuring out your degree’s net cost:
Total Tuition + Hidden Expenses – Free Money = Net Cost of Your Degree
Use Capella University’s tuition calculators to estimate your costs and time to complete your degree.
March 10, 2021