The first section of a financial estimate letter is typically a total cost estimation, including tuition, meal plans and housing for students who intend to live on campus. The national averages for room and board packages ranges from $8,660 to $11,760 or more depending on the college in question. When comparing these costs across universities, make sure to take into account the rules of the scholarship program before eliminating housing and meal plan costs, as some scholarships may require students to live on campus. Some schools also require freshman to live on campus, a fact which may not be disclosed in their financial estimate.
Other costs include course material fees, which can vary based on the specific classes a student enrolls in. They typically cover textbooks, housing application fees and activity and health fees. Also keep an eye out for any program premiums, which students may not be made aware of until they get their first bill.