Sat Nov 21 2009
WEST LAFAYETTE, Ind. (AP) -- Purdue University is touting its online calculator as a way for parents and students to learn how much financial aid they can expect.
Colleges have long touted the average amount of aid awarded to students. But averages don't help individual families trying to find out exactly how much aid they can expect and how much they'll have to pay for college.
The Purdue Financial Aid Estimator considers family finances, student academics and other factors before coming up with estimates on available grants, loans and scholarships. The system created last year replaces a paper process Purdue previously used.
More colleges will be posting online net cost calculators in upcoming years because a federal law requires them by August 2011.
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