Hey peeps, I've come across two terms, 'cost of attendance' and 'price', when I searched about the University of Rochester. Just got a little bit confused, so can someone clarify if they're the same thing or if there's any difference between them? I super appreciate any help!
Hi there! It's completely understandable that these terms can be a bit confusing. The terms 'cost of attendance' and 'price' are closely related, but they have slightly different meanings.
The 'cost of attendance' refers to the total amount it would cost a student to attend a college for a full academic year. This figure usually includes tuition, fees, room and board, books and supplies, transportation, and personal expenses. The cost of attendance is an estimate, and it's important to remember that individual expenses can vary based on the student's lifestyle and needs.
On the other hand, the 'price' you see might refer to the tuition and fees of the university. This is the amount you'll pay directly to the school for attending classes and using their resources. It doesn't factor in costs like housing, meals, or other personal expenses that are part of the cost of attendance.
When considering the cost of attending University of Rochester or any other college, it's crucial to take both the direct costs (tuition and fees) and the indirect costs (room and board, books and supplies, transportation, and personal expenses) into account. This will give you a more complete picture of the financial commitment involved in attending a specific college. Remember to consider financial aid, scholarships, and grants as well; these can significantly reduce the final cost to you and your family. Good luck in your college search!
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