Net Price Calculator | UCF Office of Student Financial Assistance (2024)

FAQs

What does a net price calculator tell a student? ›

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.

Estimated net price is calculated by subtracting estimated total grant aid from the estimated total cost of attendance.

Financial need is the difference between the cost of attendance (COA) at a school and your Expected Family Contribution (EFC).

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.

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).

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.

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.

It is the institution's cost of attendance minus any grants and scholarships for which you may be eligible. Was this page helpful?

The net price formula is calculated as follows: Net price = Catalog price – Discounts.

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).

How does FAFSA determine how much money you get? ›

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.

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.

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.

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.

University of Central Florida's ranking in the 2024 edition of Best Colleges is National Universities, #124.

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.

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.

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.

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.