Understanding the net price calculator

MichellexAlyssa
Sat, 09 Jul 2016 13:49:28 +0000

Hello,

I am planning to transfer for fall 2017 with an associates degree, but am looking to get an estimate of expenses. I was recently accepted into SIU for fall 2017 and ran their net price calculator. It does mention that the estimate is from 2014-2015 academic year, so I am aware that the COA has increased.

Here is what it looks like-

Estimated tuition and fees $12,251

Estimated room and board charges $9,694

Estimated cost of books and supplies $1,100

Estimated other expenses $2,941

Estimated total cost of attendance: $25,986

Estimated total grant aid: $11,594

Estimated Net Price After Grants and Scholarships: $14,392

Does that $11,594 include federal loans and all available grants? I know for a fact due to my age as an independent student I will qualify for $12,500 in student loans, will get the full pell grant based on my income, and more grants depending on the state’s funds. I’m assuming that is why this is considered only an estimate?

Thank you to everyone in advance!