<p>I recently calculated the "Net Price" for UNC Chapel Hill and I was astonished at the result.
While tuition is stated as $50,938, the amount of aid received is $48,238 based on my family's income.
That leaves my net price to be only $2,700
Is this really true? Or does the calculator not factor in my out of state residence?</p>
<p>Please respond if you have any information about UNC's financial aid programs.</p>
<p>Did it ASK for your state of residency? The cost for instate is FAR less than $48,000 so it seems that this would be an ESTIMATE for an OOS student.</p>
<p>UNC does guarantee to meet full need for all accepted students. If you are very low income, this could be accurate. But really, the ONLY real financial aid amount is the one you receive from the school when you are accepted!</p>
<p>@thumper1 Thanks for your quick response! It did ask for my state of residency. My astonishment comes from the fact that their average financial aid package is only $14,000… whereas my estimate was roughly $48,000</p>
<p>Their average financial aid package is a reflection on what the average need turns out to be by their definition. They meet full need as they define it. An instate student with full need is going to need less than OOS students because the tuition is far less for the instaters. Also, there are also often commuter in the equation, whose need will be even less. UNC also gets a lot of apps from students who have little or no need. </p>
<p>Note, however, that because they meet full need for OOS and their OOS enrollment is capped, UNC’s OOS acceptance rate is really low (as in, as low as some Ivies). Definitely in RD. Probably higher in EA, but low as well.</p>
<p>This might be misleading. OOS tuition is only $33,624. Add room and board and you’re at about 44k for OOS. The rest of that 50k+ figure includes travel, personal expenses, etc.</p>
<p>Tuition figures from when? I believe that UNC is raising OOC tuition quite a bit.</p>
<p>Did that initial list of possible aid received include Parent Plus loans? If there is a huge amount in that category, I personally would not count when looking at the bottom line.</p>
<p>“For the 2014-2015 academic year, the total cost of full-time attendance for undergraduates is estimated to be $24,120 for North Carolina residents and $50,938 for out-of-state residents. Those figures include the standards of tuition, fees, room, board, books and supplies, travel, and health insurance, and the figures also allow for a personal spending allowance to cover things such as toiletries and those late-night runs for pizza and froyo.”</p>
<p>Tuition & Fees $33,624
Room $5,928
Board $4,664
Books & Supplies $1,484
Travel $2,416
Health Insurance $1,376
Loan Fees $58
Personal $1,388
Total $50,938</p>
<p>“Over the past four years, annual increases in Carolina’s tuition and fees have averaged $455 (or a little more than 6%) for North Carolina students and $2,263 (or a little less than 8%) for out-of-state students.”</p>
<p>To me, when comparing costs, I only look at tuition, room, and board. The other items have little to do with the school itself and should be about the same for any school. By my measure, UNC is about 44k for OOS, which is actually lower than most of its peers (UVA, Michigan, Berkeley, etc.).</p>
<p>UNC met full need for me as an OOS student-- but it came with $10k in Parent Plus loans that made it unaffordabale.</p>
<p>UNC is so hard to get in OOS, so their aid essentially has a merit component. </p>
<p>Purple…are you saying that the NEED portion included a Plus loan? I think UNC found that they couldnt give enough grants this year to OOS students.</p>