What is a net cost calculator?

What is a net cost calculator?

A net price calculator is a tool that allows current and prospective students, families, and other consumers to estimate the net price of attending a particular college or career school.

How do you get a net price?

Net price is a college’s published price minus your gift aid and education tax benefits. Your net price for a college is the cost of tuition and fees minus the amount of gift aid that you receive from various sources and education tax benefits. Gift aid means grants and scholarships — money you don’t have to pay back.

What is an average net cost?

Average net price is generated by subtracting the average amount of federal, state/local government, or institutional grant and scholarship aid from the total cost of attendance.

Is net price calculator accurate?

Her study found that net price calculators are not providing transparency and accuracy to parents and students to make good decisions on the cost of college. Some of the finding of the study included: Some net price calculators could not be located by navigating from their main webpage.

Does net price include tax?

Definition: Net price is the total price charge for a good or service, after considering any added or subtracted amount. It is the price effectively asked to the customer once taxes, deductions or discounts are included in the amount.

What is the difference between net and gross price?

Gross means the total or whole amount of something, whereas net means what remains from the whole after certain deductions are made.