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Home > Research, Data & Reports > Financial Aid Data & Trends > Loans, Debt & Net Price > Net Price

 

Net Price


 

Net price is the average yearly price actually charged to undergraduates after subtracting grants and scholarships they may receive. Net price moves beyond an institution's published "sticker price" and provides students and families with an idea of how much it might really cost them to attend an institution.

Net price varies by student family income and type of institution attended.

Grants and Scholarships Reduced Prices Paid By First-Time, Full-Time Undergraduates Attending Minnesota Institutions, 2012-2013

Grants and Scholarships Reduced Prices Paid By First-Time, Full-Time Undergraduates Attending Minnesota Institutions, 2012-2013

Net Price: Tuition & Fees plus a standard living allowance ($12,100) minus federal, state and institutional grants. For purposes of this survey includes only undergraduates receiving Title IV financial aid; a federal grant or federal loan.

Data for public institutions represents the weighted average of in-district and in-state charges.

Source: U.S. Department of Education, IPEDS Student Financial Aid Survey


Most students are eligible for some type of financial aid

Minnesota students and families received almost $3.3 billion in financial aid during the 2012-2013 academic year to help pay for college. The money comes from the state of Minnesota and the federal government, colleges, and private sources. There also are tax benefits and deductions that make what families have to pay more manageable.

Use the U.S. Department of Education's net price calculator to help gauge what it might cost your family to attend a college of your choice anywhere in the nation. The net price estimates how much it might really cost to attend a particular college depending on family income and subtracting any federal, state and institutional aid undergraduate students may receive. You can also use our financial aid estimator for Minnesota colleges.

 

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