The Insider: College Admissions Advice from the Experts

What do I do with my first tuition bill?

It’s hard to believe, but July is here and that means you’ll soon be receiving your child’s first college bill (if you haven’t already). Although you may have been preparing for this day for what seems like an eternity, that first tuition bill can still catch you off guard. Here are some things you should know before making any payments.

Are you experiencing sticker shock as your child begins selecting the colleges to which he or she will apply? You aren’t alone. Many families see the school’s published cost of attendance, which generally includes tuition, fees, room and board, books, and personal and transportation costs, and wonder how they will pay the bill. Some cross the school off their child’s list entirely.