What does Collegepond do?

Collegepond is a premier online/offline-counselling, career guidance, test preparation, and admissions counselling outfit. Our primary goal is to guide our students to success and our strength lies in highlighting the most optimal path to help them accomplish their career ambitions.

What services does Collegepond provide?

Collegepond provides services in counselling, admissions and test preparation for study abroad aspirants with regards to MBA, MS, PHD, Undergrad, GRE, GMAT, TOEFL, IELTS and PTE. It also provides Forex Services, Education Loan, Courier and Pre Departure Services.

Is Collegepond Counselling Free?

Yes, Collegepond offers each new student a free counselling session of 30 minutes. Please fill the form to schedule a one to one counselling session with our experts.

Is Collegepond good for MS counselling?

A masters abroad broadens one’s scope making them competent for the global job market. And thus, Collegepond plays a significant role in getting students admitted into the top universities abroad for MS and pivot their career trajectory.

Does Collegepond offer undergrad services?

Yes, we offer undergrad services. You can now connect with Collegepond to Accomplish Your Undergraduate Study Abroad Aspirations!

Can I approach Collegepond for an MBA abroad?

A Master of Business Administration (MBA) is one of the most sought-after programs that can elevate your career progression. It can help to enhance your professional skills and acquire industry-specific knowledge. Collegepond provides all the necessary services for aspirants willing to pursue an MBA abroad.

Who founded Collegepond?

Suraj Bajaj & Jimeet Sanghavi. Suraj Bajaj has spent a significant part of his life in the US. Having completed his undergraduate dual degree from the University of Pennsylvania, i.e., Bachelor of Science from the Wharton School of Business and Bachelor of Arts from College of Arts and Sciences, and his MBA from Columbia Business School, Suraj has spent 15 years working at leading investment banks and Big 4 Accounting firms, where in addition to his work responsibilities, he was involved in recruiting new graduates as well as lateral hires. Suraj is responsible for the strategic direction of the Company. Jimeet Sanghavi has relocated after a stint of 5 years on Wall Street. After graduating in Computer Science from Stony Brook University, he has worked in the IT, Finance, and Chemical Sectors before his love for teaching made him foray into the Educational Domain. He was instrumental in a student securing a your perfect 340/340 in the Revised GRE exam. Jimeet oversees and focuses on building the student network at Collegepond.

Is Collegepond GRE coaching available online?

Yes, Collegepond does provide coaching services for GRE, along with GMAT, IELTS, TOEFL, & PTE.

Can I get an education loan through Collegepond?

Yes, Collegepond’s loan assistance team helps study abroad aspirants get education loans with the best interest rates possible.

Does Collegepond offer any forex services?

Yes, Collegepond does offer forex services and ensures that none of their clients fall victim to any unscrupulous practices.

Are there any discounts available with Collegepond?

Indeed! With Collegepond TOEFL code, students can avail a discount of $10, in their TOEFL exam.

Schools & Universities

How to Calculate the Tuition Fees of the University?

Collegepond May 27, 2021 0 Comments

Post Views: 3,821

Reading Time: 2 minutes

Students are often left baffled by the process of calculating the university tuition fees to plan their study abroad finances. On navigating the study abroad university websites, you may observe that different universities present their tuition fees using varying parameters, for instance, cost per semester, cost per credit, cost per year, etc. This discrepancy may cause confusion and make it difficult for the student to calculate the total cost of abroad education.

Let us explore the different calculation parameters through a deconstructed example of University A and University B.

University A has outlined the cost per semester at USD$18,000 (9-12 credits) amounting to a cost of USD$36,000 per year.

University B has specified the cost per semester at USD$27,000 (12+ credits) amounting to USD$54,000 per year.

The critical error students make at this juncture is to simply multiply the cost per year by 2 (assuming a two-year course) to arrive at the cumulative tuition fee amount. Using this erroneous method, the tuition fee would be USD$72,000 and USD$108,000 for University A and University B, respectively.

However, it is crucial to understand that the total cost can be accurately calculated using the cost per credit as your primary unit of calculation.

For instance, assuming that University A is rigid in its requirement of 3 courses (i.e. 9 credits) per semester for 4 semesters, then the cost is fixed per semester and it is easy to calculate. Cost per credit is simply cost per semester divided by number of credits per semester i.e. 18000/9 = USD$2000 per credit making the total tuition fee cost at USD$72,000 (cost per credit multiplied by total number of credits).

However, the calculation becomes slightly complex if the university is flexible on credits per semester. For instance, if University B allowed you to take 9 or 12 credits per semester, where the average cost per credit amounts to USD$2,250.

1. Possibility One:

You take four semesters to graduate by taking 9 credits per semester, your cost per semester amounts to USD$20,250 (cost per credit x number of credits). The total cost of education is, therefore, cost per semester multiplied by number of semesters i.e. 20250×4 = USD$81,000.

2. Possibility Two:

You take 3 semesters to graduate by taking 12 credits per semester, your cost per semester amounts to USD$27,000 (cost per credit x number of credits). The total cost of is, therefore, cost per semester multiplied by number of semesters i.e., 27000×3 = USD$81,000.

Considering both the possibilities in University B, the total cost of education amounts to USD$81,000 and not the grossly overestimated figure of USD$108,000.

It is therefore strongly recommended that one takes into consideration the cost per credit as the base unit while calculating the total university tuition fee to ensure an error free process. The ideal method to arrive at the total cost would be multiplying the total number of credits required with the cost per credit (i.e. 36×2000 for University A and 36×2250 for University B).

For more information visit Collegepond.

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