Why is the total non-discounted cost not just full tuition+indirect expenses *3 (plus inflation/tuition hikes)??
I am looking on LST, and for example BU costs 42,000 Anne has expenses listed as 17,000. So why is the total coa listed as 225,000 instead of 59,000*3??
Am I missing something obvious? Is it assuming you are financing the degree completely with loans at 8%??
Figuring out Total COA Forum
- Tiago Splitter
- Posts: 17148
- Joined: Tue Jun 28, 2011 1:20 am
Re: Figuring out Total COA
The number is what you'll be at if you borrow the full COA (with tuition increases) and don't start paying those loans until 6 months after graduation.WanderingPondering wrote:Why is the total non-discounted cost not just full tuition+indirect expenses *3 (plus inflation/tuition hikes)??
I am looking on LST, and for example BU costs 42,000 Anne has expenses listed as 17,000. So why is the total coa listed as 225,000 instead of 59,000*3??
Am I missing something obvious? Is it assuming you are financing the degree completely with loans at 8%??
- jenesaislaw
- Posts: 1005
- Joined: Mon May 19, 2008 6:35 pm
Re: Figuring out Total COA
The formula uses the right interest rate for each loan you take out on a semester-by-semester basis.
- bernaldiaz
- Posts: 1674
- Joined: Sun Apr 24, 2011 12:51 am
Re: Figuring out Total COA
Using your BU example, they actually explain it nicely on their website.WanderingPondering wrote:Why is the total non-discounted cost not just full tuition+indirect expenses *3 (plus inflation/tuition hikes)??
I am looking on LST, and for example BU costs 42,000 Anne has expenses listed as 17,000. So why is the total coa listed as 225,000 instead of 59,000*3??
Am I missing something obvious? Is it assuming you are financing the degree completely with loans at 8%??
http://www.bu.edu/law/prospective/finan ... alculator/
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