Net price is often overlooked

By folks outside of higher education.  It makes the true cost of tuition less scary. This piece from NPR has a nice graphic which I couldn't reproduce well.

The Price Of College Tuition
Here are two ways to think about the price of college tuition:

1. Sticker price is the full price colleges list in their brochures and on their websites.

2. Net price is the price students actually pay. Net price accounts for the fact that many students receive grants or scholarships. So it can be considerably lower than sticker price.

Quick example. Say you go to a school where the sticker price is $25,000 a year. You get a $10,000-a-year grant. The net price for you — the part you have to pay for through loans, work and family contributions — is $15,000 a year. . . .

[On average] The sticker price has gone way up (no surprise). But, because the value of grants and scholarships has also grown, average net price has grown much more slowly. In fact, in the past five years, average net price at private colleges has actually fallen.


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