Budgeting for College Applications

CNBC: “As college costs rise, some students apply to a laundry list of schools to increase their odds of getting into one they can afford. Yet doing so can leave families with another large tab … The average college application costs around $50, according to SavingForCollege.com. At some colleges you can expect to pay much more — Stanford University’s application fee, for example, is $90 … Families should decide on a budget for college applications — say, $250 … That will not only help keep costs under control but also force students to whittle down their list of schools.”

“Some colleges will let you skip the application fee if you demonstrate merit or financial need. CollegeBoard has a list of schools that accept application-fee waivers. The National Association of College Admission Counseling has a form you can use to request the waiver. Many colleges will waive their application fee if you apply online.”

“A third of students apply to six or more colleges, and 15% apply to 10 or more.”

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