The tool offered by Pomona College allows prospective students to estimate the cost of attendance after grants and scholarships are considered. This estimate provides a more personalized and realistic understanding of potential out-of-pocket expenses, factoring in individual financial circumstances. For example, a student can input their family’s income, assets, and other relevant financial information to receive a tailored cost projection.
Financial planning for higher education is crucial. This resource empowers students and families to make informed decisions about college affordability. Understanding the potential financial burden early in the application process can alleviate stress and allow for more effective budgeting and financial aid strategy development. Historically, navigating college costs has been complex. Tools like this increase transparency and accessibility to critical financial information.