A new tool for calculating the cost of college hopes to cut down on sticker shock.

MyinTuition is an online questionnaire that produces an estimate for what families will actually pay for a student’s yearly tuition — as opposed to the stated price on the college or university’s website.

“By my calculation, something like 90% of households in the United States would qualify for financial aid, which would bring their price down below the $70,000 or the big numbers that you typically hear,” Wellesley economics professor and MyinTuition creator Phillip Levine told WBUR.

Too few families realize the sticker price isn’t read more >>>

Source:: BusinessInsider.Com