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Definition: The total cost of attendance is the price you'd pay to attend college for a year and includes tuition, room and board, books, fees, etc.
Advice: The total cost of attendance is a very important figure to look at when considering colleges. Some people put too much focus on tuition; however, tuition is just one part of the total costs. For example, the cost of tuition for one year at the University of Michigan in 2006-2007 is $9,214. But when you factor in all of the additional costs, the total cost of attendance is $20,178. And that's if you're in-state--out of state students will pay $39,936!
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Spend Less Than You Earn
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