NEWTON, Mass. – Stratospheric stated costs approaching $70,000 or more per year are commonplace at America’s private colleges and universities. More and more, students and their parents wonder whether college is “worth it.” Yet financial aid is available to most students, lowering those costs, perhaps significantly. The majority of students, though, only know the “sticker price.” If only individuals had a way to estimate how much financial aid they may receive, they could make better decisions.
MyinTuition solves that problem. MyinTuition is a fast, user-friendly tool that gives families a more accurate way to gauge costs while factoring in financial aid. It asks six basic financial questions in order to provide a personalized estimate of what it would cost a family to send their child to a particular college. It takes the average user under three minutes to obtain an estimate.
Starting today, with the release of new calculators at 15 schools, MyinTuition is available at 46 of the leading colleges and universities in the United States jumping from 3 in the past 18 months. It was first introduced in 2013 at Wellesley College, which supported its development. New participating institutions include:
- Barnard College
- Bates College
- California Institute of Technology (Caltech)
- Colgate University
- Emory University
- Harvard College
- Illinois Wesleyan University
- Macalester College
- Scripps College
- University of Chicago
- University of Denver
- University of Pennsylvania
- University of Richmond
- Vanderbilt University
- Washington University in St. Louis
The list includes schools of all sizes and located in every region of the United States. Each college makes the tool available on their own websites, or students can use the tool to estimate their costs at any of these schools at myintuition.org.
“A college education is the engine of social mobility in the United States,” MyinTuition founder and CEO Phillip Levine (also a professor of economics at Wellesley College), “and MyinTuition makes it much easier to understand its cost. If you don’t know what it costs, you can’t make good choices.”
The University of Denver and Illinois Wesleyan University represent important additions to the MyinTuition line-up. These schools extensively use merit scholarships as part of their financial aid system and MyinTuition helps students gauge their likelihood of receiving them. It provides users with estimates of both the amount of merit and need-based awards so that they can make decisions with all relevant information. The ability to incorporate merit scholarships opens the door to the large number of schools who use similar systems.
In its short existence, MyinTuition has been incredibly popular. It has provided estimates to 300,000 students over the past year. Schools that emphasize MyinTuition in their promotional material have reported quadrupling their hit rate in marketing messages targeted at prospective students. “Costs matter and families are begging for this kind of information,” Levine said. “MyinTuition delivers it.”
ALL PARTICIPATING INSTITUTIONS, 9/20/2018
| Amherst College | Emory University | St. Olaf College |
| Babson College | Grinnell College | University of Chicago |
| Barnard College | Hamilton College | University of Denver |
| Bates College | Harvard College | University of Pennsylvania |
| Boston College | Illinois Wesleyan University | University of Richmond |
| Bowdoin College | Johns Hopkins University | University of Rochester |
| Brown University | Macalester College | University of Virginia |
| California Institute of Technology | Middlebury College | Vanderbilt University |
| Carleton College | Mount Holyoke | Vassar College |
| Colby College | Northwestern University | Washington and Lee University |
| Colgate University | Pomona College | Washington University in St. Louis |
| Colorado College | Rice University | Wellesley College |
| Columbia University | Scripps College | Wesleyan University |
| Dartmouth College | Skidmore College | Williams College |
| Davidson College | Smith College | Yale University |
| Duke University |
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