Podcast: New site helps calculate what college you can afford

A student finance Web site goes beyond just tallying tuition and room and board, putting parents or students through a questionnaire to find the true costs of a college.

StudentAid.com is far from the first Web site to help parents or would-be college students learn about how much schools cost. But at the end of the day, it's not just the price-tag that matters, it's what you actually have to pay out of your own pocket after factoring in available financial aid.

The new site, according to Craig Carroll, CEO of parent company Rezolve Group, provides more depth and specificity than other sites by having parents or students fill out a detailed questionnaire that helps determine what colleges they can actually afford after considering all available resources.

Carroll spoke with Larry Magid a few days before the site's launch.

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