The College Board's net price calculator provides some of the most reliable estimates. In contrast, others, like the College Board, might ask more in-depth questions.Īs a result, some estimates are more accurate than others. Some calculators, especially those available on a college's website, might only ask a few questions. Your results can also include how much and from what source you can get loans for college.īe aware that each calculator might yield vastly different results. These net price calculators can also be found in a few other places besides a college's website, like The College Board and the federal government's net price center.Īfter you answer the questions, you can see what, if any, grants and scholarships you are eligible to receive based on the information you provided. The questions you will answer can include how many credits the student plans to take each semester and if they plan to live on campus. The student must also provide similar information if they are working or have personal assets such as savings. The Net Price Calculator, available on most colleges' websites, allows you to answer critical questions about your income, assets, and investments before providing a Net Price. Most colleges publish a sticker price, but most students pay a different amount. You must use a Net Price Calculator to find your net price. The net price is only an estimate and not a guarantee of financial aid. Your Net Price is the total cost of attendance (tuition, room and board, books, and fees) at a particular college minus any grants or scholarships you might be eligible to receive. Some people appeal and get more scholarships, while others fare less well.ĭespite all these divergent factors, getting an estimate is still highly recommended to help you plan and pay for college. Your family's negotiation skills can be helpful if/when you appeal the financial aid award. Those factors include your family's financial need and your child's academic achievement or talent, especially regarding merit aid. However, there are a few more important factors at work. Likewise, the amount a family pays for college could also hinge on their negotiation skills. At a dealership, the amount each buyer pays could hinge on the generosity of the salesman or the mysterious "manager," the time of the month, or the buyer's negotiation skills. They advertise a suggested retail price, but each person could pay a different amount. Doing this will help you find your Net Price, an important estimate to help you plan how you will pay for college.Ĭolleges are in some ways like a car dealer. And, if you are thinking about how much college might cost you, one of the best things you can do for your family is to find how to use a Net Price Calculator. If you have a child in high school, you are probably already thinking about college costs.
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