# How do you calculate tuition?

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## What does the cost of tuition include?

There are five main categories of expenses to think about when figuring out how much your college education is really going to cost: tuition and fees, room and board, books and supplies, personal expenses, and transportation.

## How do you calculate tuition per credit?

Cost per credit is simply cost per semester divided by number of credits per semester i.e. 18000/9 = USD\$2000 per credit making the total tuition fee cost at USD\$72,000 (cost per credit multiplied by total number of credits).

## How do I claim tuition and fees deduction?

In most cases, students receive an IRS Form 1098-T from the college or university that lists amounts paid for qualified expenses in a given tax year and the amounts billed during the year. Only the expenses paid during the year qualify for the Tuition and Fees Deduction.

## How is need based aid determined?

Need-based aid is financial aid that you can receive if you have financial need and meet other eligibility criteria. … For instance, if your COA is \$16,000 and your EFC is 12000, your financial need is \$4,000; so you aren’t eligible for more than \$4,000 in need-based aid.

## Does anyone pay full price for college?

Most people wouldn’t typically look at going to college and buying a car the same way. But the fact is that you actually have to, because there are some really interesting statistics when it comes to who actually pays full-price for college. That number is 11% of students.

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## How many hours is a 3 credit course?

3 credit hours (1 course) = 3 hours in class per week = 6-9 hours study time per week. 12 credit hours (4 courses) = 12 hours in class per week = 24-36 hours study time per week.

## Who determines the cost of college tuition?

Local boards set tuition, as long as the amount does not exceed that of public, four-year institutions. Local boards of trustees establish per credit-hour tuition rates. The Council on Postsecondary Education, a state-level coordinating board, determines tuition.