<p>I was just looking at Amherst Tuition and financial aid page:</p>
<p>"When we calculate an aid award, we use a student expense budget that includes both direct charges and out-of-pocket expenses. In 2006-07, the budget includes:</p>
<p>Comprehensive fee (tuition, room and board): $43,360
Other student fees (student activities, campus center programs and residential governance): $636
Health insurance (may be waived): $880
Books and supplies (estimate): $950
Personal expenses (estimate): $1,700
Travel (estimate; varies by location): $50-$2,000
Cost of attendance: $47,576-$49,526</p>
<p>The college’s actual cost of educating a student at Amherst is more than $75,000 a year. However, income from our endowment and gifts helps subsidize that amount significantly, even for students who do not receive financial aid."</p>