FAQs
What is a Net Price Calculator? Net price calculators are available on a college's or university's website and allow prospective students to enter information about themselves to find out what students like them paid to attend the institution in the previous year, after taking grants and scholarship aid into account.
How do you calculate the net price of a school? ›
Estimated net price is calculated by subtracting estimated total grant aid from the estimated total cost of attendance.
How does the financial aid office calculate your financial need? ›
Financial need is the difference between the cost of attendance (COA) at a school and your Expected Family Contribution (EFC).
What is the net price of UCF? ›
The net price is the average cost of the university after aid and scholarship funds are discounted from the total cost, which come in on average at $14,994 for in-state students and $33,225 for out-of-state students receiving need-based aid.
How accurate is the net price calculator? ›
No. But it should be considered a very rough estimate of college costs as opposed to a true predictor of actual costs. The price calculated could also be compared to what your student actually receives on their award letter (if admitted to the school and offered a financial aid package).
What types of financial aid are included in the net price calculation? ›
Net price is a college's published price minus your gift aid and education tax benefits. Your net price for a college is the total cost of attendance minus the amount of gift aid that you receive. Gift aid means grants and scholarships — money you don't have to pay back.
What is the net price formula? ›
The net price formula is the list price minus trade discounts. Trade discounts are discounts offered by wholesalers or manufacturers to retailers usually as long as they purchase a large volume of products.
Does net price include federal aid? ›
It is the institution's cost of attendance minus any grants and scholarships for which you may be eligible. Was this page helpful?
How do you find the net price value? ›
The net price formula is calculated as follows: Net price = Catalog price – Discounts.
What is the 600 percent rule for financial aid? ›
A school has no legal ability to award students beyond the 600-percent limit. When your Lifetime Eligibility Used (LEU) equals or exceeds 600 percent, you may no longer receive Pell Grant funding. The limit is six years of full-time attendance (two semesters each academic year at 12 or more credits/semester).
The SAI formula calculates the total financial resources of you and your parents (or spouse in some cases) then deducts the minimum amount needed for your family's normal annual living expenses. The remaining amount may, in part, be allocated for college expenses.
How will I know how much financial aid I will get? ›
Your EFC (2023–24 FAFSA form) is an index number that college financial aid staff use to determine how much financial aid you would receive if you were to attend their school. The information you report on your FAFSA form is used to calculate your EFC. The EFC is calculated according to a formula established by law.
What percentage of students receive financial aid from UCF? ›
Cost. Last year, 81 percent of undergraduate students at UCF received some form of financial aid, and 57 percent graduated with no educational debt. Nationally, just 34 percent of students graduate debt-free. Kiplinger and Forbes consistently rank a UCF education among the nation's best values.
How much does 4 years of UCF cost? ›
Projected 4-Year-Degree Price
In 2022-2023, in-state University of Central Florida tuition and fees cost $6,368—the same price it's been since at least 2019-2020. Based on that amount, a four-year degree would cost $25,472, not including other expenses.
Is UCF a prestigious school? ›
University of Central Florida's ranking in the 2024 edition of Best Colleges is National Universities, #124.
What does net price mean when it comes to college tuition? ›
The net price is determined by taking the total cost of attendance — including tuition, room and board and books — and subtracting any grants and scholarships you're eligible for. Once you know the net price, you can decide how you'll pay it.
Why are net price and value important to consider when thinking about college costs? ›
By providing personalized estimates, net price calculators offer a more informed way of deciding which colleges you can afford. Knowing your net price: Gives you the best idea of what you'll pay for a particular college. Makes comparing colleges easier.
Does the net price calculator include merit? ›
The Net Price Calculator considers need-based financial aid only; it does not include scholarships or other non-need-based aid you might receive, which could significantly reduce your net price.
Is college raptor net price calculator accurate? ›
Generally, our models are able to provide costs that are accurate to within 10-20% of the costs provided by actual financial aid reports or as estimated by colleges' net price calculators.