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I suppose this either makes an argument for public universities, or it emphasizes the importance of making sure mommy and daddy pay for your private school education :)

No one seems to listen when I say this: unless your parents are wealthy, you pay the same for an education at a private college as you would pay at most public universities. Your student loan limits are also the same.

College Cost
In 2000-01 [] on-campus living and educational costs are as follows:

Tuition and Fees: $22,580
Room Charge: 3,710
Board: 3,710
[] Cost (College Bill): $30,000
Books and Personal Expenses (estimated) 1,750
Total: $31,750

Financial Need
In order to qualify for financial aid you must show "financial need."

COST AT [] - FAMILY CONTRIBUTION = FINANCIAL NEED
(Tuition & Fees, YOUR Room & Board, Personal & Transportation) - (The amount that you and your parents should be able to contribute)

Family Contribution
In order to qualify for financial aid, your financial need must be determined through the criteria established by an approved “needs analysis formula.' This formula estimates the amount both you and your family should be able to contribute towards your education, based on information you report on your PROFILE and FAFSA. [] uses a more in-depth formula to establish family contributions for institutional aid eligibility.

Student Contribution
Total family resources include a contribution from the student applicant. Student contribution is determined as follows:

The greater of:
a minimum of $1,450 - $2,200 (according to class level)
or
50% of your total income (minus standard allowances)

Parent contribution plus student contribution equals your “Total Family Contribution':

Parent Contribution
+ Student Contribution
= Total Family Contribution


(I substituted [] for the college name, but most private schools are very similar.)

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