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There are four regional interstate compacts in the United States. For this cost-benefit analysis, I chose Tuition Reciprocity Policy in New England—focusing on NEBHE’s policy and impact. This study attempted to investigate; (1) How does the regional tuition break policy, or regional compact agreement, influence colleges and universities, and how does it influence college students and families in New England?; and (2) What cost or savings does each state realize by the exchange of college students at the discounted rate? This study uses the cost-benefit analysis perspective to address these questions. Out-of-state tuition price and out-of-state tuition policy are inevitably related to other important policy issues such as college opportunity, affordability, and equity.