Net Price Calculator is an online tool, offered by each college, that calculates your estimated annual cost to attend each college. This allows you to compare your estimated “net” price, the price after grants and scholarships, at multiple colleges. Some colleges you thought were financially out of reach may be very affordable!
How does Net Price Calculator work?
Net Price Calculator (sometimes called a cost calculator or financial aid estimator) can be found on each school’s financial aid or admissions webpage – using the search feature can help.
The tool will ask for information about you and your household and will then calculate your net price by subtracting any gift aid (grants and scholarships) you may be eligible to receive from the school’s total cost of attendance.
You will need 15-20 minutes to complete the calculator, and this information:
- Parents’ most recent income tax returns, W-2s, or pay stubs
- Parents’ bank statements
- Student’s bank statements (if applicable)
- Academic information may be needed for schools that provide merit-based aid estimates
Keep in mind, calculations are estimates – not final or binding financial aid awards. To receive financial aid, you must be accepted for admission and file all required financial aid forms, including the Free Application for Federal Student Aid (FAFSA).
Net price is only one consideration when finding the right college. Be sure to also consider a school’s academic programs, location, social environment, retention and graduation rates, and average loan indebtedness.