Hidden Tuition

The secret economics of maximizing college financial aid (and why it’s not as miserable as you think). In the college admissions process, a terrifying unknown looms large: How much is this really going to cost? For prospective students and their families, there’s no easy answer. While college prices continue to rise, so do their promises of financial aid for qualified students. But who qualifies? And for how much? How can this monumental life decision be so utterly impossible to understand? Hidden Tuition is an insider’s guide for navigating college financial aid to maximum effect and with (relatively) minimal pain. Economist and financial-aid expert Phillip B. Levine draws on his unique experience—including years of research in higher-education finance and work alongside admissions and financial-aid departments—to help readers first identify, then minimize, what they’ll actually pay for different types of colleges based on their circumstances. With expertise, clarity, and the warmth of someone who’s been through it, Levine details how students can find the hidden tuition costs in the opaque landscape of college pricing and financial aid. He explores topics that include: Why college’s “sticker prices” are rarely what students pay—and how some actual prices are even going down The best, worst, and most surprising deals for students with different financial resources How to navigate financial aid for divorced and multi-residence households Who really benefits from early decision How the nature of scholarships and merit-based aid is often framed in misleading ways The pros and cons of college savings accounts When and how to get started on college financing Why all student loans aren't the same (or aren't all that bad) Debunking common myths and offering practical guidance for both families and individual students, Hidden Tuition makes a maddeningly imperfect process more manageable—and gives students a clearer path through one of life’s biggest financial decisions towards collegiate success.