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Tuesday, October 21, 2014

Learn about the Net Price Calculator

For all those students interested in college, but unsure how they are going to pay for it, use the Net Price Calculator.

The NPC is a calculator that is federally mandated - all colleges that accept federal aid MUST have the NPC on their website. The NPC helps students estimate their "net price" to attend each institution. It is generally a great tool that helps families determine which schools are actually affordable.

Remember...

Net Price = Sticker Price (Full Cost) - Grants & Scholarships

Net Price is the total each student is responsible for paying after receiving free money to attend the institution.

To find the NPC on a school's website...
-Go to the school's financial aid webpage.
-Click on the calculator link. It may be labeled "Net Price Calculator, "Calculate your Costs," "Tuition calculator," or something like that.

BUT beware: sometimes the NPC can be misleading.

See Miss Loh with questions!

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