1. What is the Net Price Calculator?

The Cornell Net Price Calculator helps estimate the actual cost of attending Cornell University after accounting for financial aid. It provides a more accurate picture of college affordability than just looking at tuition costs.

2. How Does the Calculator Work?

The calculator uses a simple formula:

Where:

• Tuition — The total published cost of attendance
• Financial Aid — Any grants, scholarships, or need-based aid received

Explanation: This calculation shows what you would actually pay out-of-pocket after accounting for financial assistance.

3. Importance of Net Price Calculation

Details: Understanding net price is crucial for financial planning and comparing college options. The published tuition rarely reflects what most students actually pay.

4. Using the Calculator

Tips: Enter your total tuition costs and estimated financial aid in dollars. Both values should be positive numbers.

5. Frequently Asked Questions (FAQ)

Q1: What counts as financial aid?
A: Include grants, scholarships, and need-based aid. Do not include loans or work-study amounts.

Q2: Is this calculator official?
A: This is a simplified estimator. For official net price calculations, use Cornell's official financial aid tools.

Q3: How accurate is this estimate?
A: Accuracy depends on the precision of your inputs. Contact financial aid office for precise calculations.

Q4: Does this include room and board?
A: Only if you include those costs in your tuition input. The calculator works with whatever total cost you enter.

Q5: Can I use this for other colleges?
A: The formula works generally, but each school has unique aid policies that may affect actual net price.