In compliance with federal law, finance officials at the University of Colorado are developing a new "total cost calculator" that will help students better budget for college.
Ofelia Morales, associate director of CU's Office of Financial Aid, said university officials are expecting to launch the calculator online within the next month.
The interactive tool will help students calculate the cost of books, fees, housing and other bills associated with college -- and ultimately help curb sticker shock for those who arrive on the campus without planning for all of those expenses.
The federal mandate requires that universities make the net price calculators available by Oct. 29. Students are cautioned that the tools may not be entirely accurate -- perhaps not accounting for all of their financial aid or exactly nailing their book bills.
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