| Author(s): | Advisory Committee on Student Financial Assistance |
| Title: | The bottom line: Ensuring that students and parents understand the net price of college |
| Source: | http://www2.ed.gov/about/bdscomm/list/acsfa/bot... |
| Date: | 2011 |
| Organization: | US Department of Education |
| Short Description: | In making decisions about college, it is essential that students and parents focus on net price, which is the dollar amount that must be paid after subtracting financial assistance from cost of attendance. |
| Annotation: | In making decisions about college, it is essential that students and parents focus on net price, which is the dollar amount that must be paid after subtracting financial assistance from cost of attendance. Throughout the decision making process — from considering whether college is a financial possibility, to choosing which college to attend, to assessing whether to continue once enrolled — net price, rather than list price, is of singular importance. For most families, particularly low- and moderate-income families, while work and loans are necessary, the most consequential type of assistance is grant aid — need-based and merit-based — and the central measure of net price is cost of attendance minus grant aid from all sources. |
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