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Research on cost beliefs has surged over the past several years. Though many dimensions of cost have been found to exist, researchers have often conflated particular dimensions with one another. This paper explores the potential jangle fallacy between emotional cost and negative emotions with particular attention to the costs and emotions that students anticipated to be associated with a course, as well as the costs and emotions that students actually experience during the course. Results of this study suggest that anticipated emotional cost is similar to some anticipated negative emotions and different from others. The same was true of experienced emotional cost and daily negative emotions. Future directions are discussed for providing more conceptual clarity around this construct.