Have you ever been inside an amusement park's "fun house"? Inside many fun houses is a room full of mirrors that give you a variety of images of how you look, at least in the reflection of those mirrors. Of course, the "fun" part is seeing yourself distorted by the various bends and contours of the mirrors' construction. Well, finding out the "true" net cost of a college is a lot like being in that room full of mirrors. The truth is very often distorted.
A new report shows that six in 10 American families rule out some colleges based on sticker price, despite the fact that the net price, or the actual cost after grants, scholarships and other tuition discounts are factored in, is much lower, according to the American Enterprise Institute.