Hi, I'm trying to estimate my potential expenses if I attend Syracuse University. I've heard about this 'Net Price Calculator'. Can anyone explain how it works and what it actually includes? Thanks in advance!
Sure, glad to help! The Net Price Calculator is a tool designed to help you estimate your financial aid options and calculate a potential "net price" for attending a particular college, in your case, Syracuse University.
The net price essentially means the cost of attendance (COA) minus any grants and scholarships you'd be eligible to receive. The cost of attendance includes direct costs like tuition, fees, and on-campus housing, and also other expenses like textbooks, supplies, transport, and personal expenses.To get an estimate, you'll be asked to input information about your family's financial situation, including income, number of dependents, and assets. The calculator then uses this data to estimate your possible financial aid package. This package may include both merit-based scholarships and need-based grants. Please note that the estimates it provides are not guaranteed financial aid offers, but are generally a good starting point for planning out your finances for college.
Bear in mind, though, that there might be additional costs like off-campus housing or other personal expenses that aren't fully covered by the calculator. It's always a good idea to add a small cushion to the estimate for unexpected expenses. Also, loans and work-study are not part of the net price calculation, but could be part of your final financial aid package.I hope this clears up your query! Let me know if you have any more questions.
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