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Net Price Calculator - Explanation

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Introduction

In accordance with the Higher Education Opportunity Act of 2008 (HEOA), every postsecondary institution in the United States that participates in Title IV federal student aid programs and enrolls full-time, first-time degree- or certificate-seeking undergraduate students must provide a net price calculator on its website that uses institutional data to provide estimated net price information to current and prospective students and their families based on a studentís individual circumstances.

Using both institution-provided and student-entered data, this calculator will allow prospective students to calculate an estimated net price at an institution, defined as cost (price) of attendance minus grant and scholarship aid, based on what similar students paid in a previous year.

How it Works

The U.S. Department of Education's Net Price Calculator is comprised of two components:

1.  Institution application: Institutions provides the data used to calculate estimated institutional net price via a web-based application. This includes price of attendance data (including values for tuition and required fees, books and supplies, room and board, and other related expenses) and the median amount of grant and scholarship aid awarded to, and accepted by, first-time, full-time degree/certificate seeking students by expected family contribution (EFC) ranges.

2.  Student application: Based on the data provided by the institution, a customized net price calculator is generated for use on the institutionís website. The calculator asks nine questions of the student to determine: dependency status, approximated EFC, and estimated cost (price) of attendance (see table below). The approximated EFC is used to identify a median grant and scholarship aid amount as was entered by the institution. Based on this information, an estimated net price is generated.

 

Click to view Georgia Military College Net Price Calculator

 

Georgia Military College - Your Community Junior College
Georgia Military College - Your Community Junior College Georgia Military College - Your Community Junior College
Online College
  201 E. Greene St. Milledgeville, GA 31061
Main Phone: (478) 387-4900
Contact Email: webmaster@gmc.cc.ga.us
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