I’d like to know if current NEU students (especially incoming freshmen) found the NPC estimate accurate to the price you’re actually paying.
The Official Northeastern University Net Price Calculator by College Board
[https://npc.collegeboard.org/student/app/northeastern]
Please post the ±% difference between the NPC estimate and the price you’re actually paying.
Not the main topic, but as a rising HS senior, I found my NPC results to be exactly at my budget. However, around $6K of this is from student loans+work. If I got, say, a $24K scholarship, would this cover the student loans+work portion of payment?
Its accurate if your accurate about your income and assets, merit scholarships are hard to get at NE, so dont bank on those, now financial aid grants is different, remember 10/10 times your package will include the stafford loans if you qualify which are 5500, add in 2k for work study thats 7500. And 24k a semester or a year? 46k of tuition only per year, so 6oud need around 18k of your own money or scholarship, then you take the 5500 of loans and that would cover your tuiton, rokm and board is not included which is another 14k per year.
If your parents own their own business or have rental properties the NPC’s are often inaccurate for any school.
NPCs also can be inaccurate for divorced households & int’l applicants.
@TomSrOfBoston They don’t.
@PrimeMeridian I’m not in either of those.
Current NEU students: I’d like to know if current NEU students (especially incoming freshmen) found the NPC estimate accurate to the price you’re actually paying.
@coterie Our grant was very close to the NPC.
For my second D coming into NEU this fall, the FA offered exactly matched the NPC. We do not own a business or have any unusual finances. The FA officer actually caught an error I made in fafsa which benefited us slightly.
Mine was very close, also thwy have great FA officers, they check ur stuff, if an error is made they sometimes just correct it for you. They are accurate on their fafsa aslong as your accurate, if this is also regards ti your previous post, if your an honors or scholar’s they use to give more merit towards those students, the program has been rebuilt and nobody knows what their plans are for the upcoming class.
@LkL5789 @twicemama @raulhumber2 Thank you thank you thank you. This is very reassuring to hear.
I have one last question: the calculator states that part of the need is made up by loans and work-study contribution. My L+WS contribution is about $6K. If I get a merit scholarship for $6K per year, would that go toward my L+WS contribution?
Yes, they would try to make it so you wouldnt need to take out loans first, so if you owed 12k, for the year, and had 6k in loans, and 6k out of pocket, they supllement the loans out first, they usually leave the work study, what they always try to do is make sure that if the efc says youe responsible for 3k, 7k, 13k, thats what ur left with, so theyll adjust it but your out of pocket will always be what they determined using your EFC. Also they give full boats to the 1% and great merits to the 10%. Incase your wondering.
If you get an outside scholarship, it reduces your need, and therefore your financial aid.
NPC can also be inaccurate if you (or your parents) have a lot of money in savings, even with a relatively low income. Savings really hurts you when it comes to financial aid. Family income of 70k in my case, NPCs showed high aid, but when FAFSA time came the EFC was around 34k.
The calculator said we should get a $30,300 university grant. We got a $32,000 university grant.
@nanotechnology this is what we are afraid of. May I ask, how much savings is too much, in your experience? It’s frustrating to think frugality is penalized.
I beleive parents assets are assesed at 5.6 % , students 20 %, after a minimum sheltered amount. But I think most NPC calculators ask about this.
Thanks, @s3
The NPC doesn’t take merit into account, does it?
No, pretty sure it is need based only. I don’t believe the NPC calc even asks about gpa/act, etc.