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Financial Fit: Net Price

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Do Now:

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Have you discussed paying for your post-secondary education with your family?

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If not, how do you imagine doing so?

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Key Takeaway

The net price for a post-secondary program will often be much lower than the sticker price.

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Financial Fit Factor

When they are choosing a post-secondary option, most students say that the most important factor is the cost.

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Sticker Price

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Financial Aid (grants and scholarships)

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= Net Price

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Net Price

  • Fortunately, you can research the average net price for students at most programs.
  • This is only an estimate and will look different for you but this will give you a good idea of what past students have had to pay.

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Work Time - Finding Average Cost

For Colleges:

Go to: https://collegescorecard.ed.gov/

Search for the college by name

Click on the college when it comes up

Scroll down to the drop down “costs”

Record the average cost

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For Other Programs:

Google “average cost for” +

program name

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Record the average cost

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Mentor Connection

1) Write the average costs of your colleges/programs that you have found today.

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2) Tell your mentor how this new information has impacted your decision on applying to your options on your post-secondary list.

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Extend

What is one new thing you learned about your mentor?

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Which part of your mentor’s response did you really like? Why?