The Net Price Calculator
Paying for a first-class university education is a good investment in your future. To help make that investment affordable, Boston University provides financial assistance to 74% of freshmen who apply and enroll at BU.
Since financial aid may substantially reduce the actual cost of a BU education for you, it’s important to see what your out-of-pocket costs are likely to be. That’s the purpose of the Net Price Calculator.
What will the Net Price Calculator tell me?
If you’re a prospective undergraduate student, this online tool will help you and your family estimate the amount of financial aid you could be offered and the net amount you may be expected to pay toward the cost of attending BU. In other words, you’ll have a personalized estimate of your family’s net cost after taking your projected need-based financial aid into account.
Who can use it?
The Net Price Calculator is designed for prospective undergraduate students who are U.S. citizens and permanent residents. It is not intended for use by international students, returning students, or graduate students.
Although the calculator bases its estimates on the cost of attendance for the 2011/2012 academic year, it may also be helpful for families planning future educational expenses for younger students. The clearer your understanding of expected college costs, the better you can start to plan ahead and save.
How does it work?
When you begin using the calculator, you’ll be asked to provide financial information about you and your family. You should have your parents’ and your own latest tax returns on hand for reference, as well as savings, investment, and other asset information. After completing the questionnaire, you’ll get an estimate of your projected need-based financial aid from BU (grants, need-based scholarships, work-study, and other awards). You’ll also see an estimate of the remaining cost you and your family would be expected to pay or finance. The entire process should take about 20 minutes.
If you register and sign in with your College Board user name and password, you can save your BU results and use the calculator again to estimate your net price at other universities. That way, you can compare estimated financial aid and the net price projections of different schools. In some cases, you may find that the university with the higher sticker price may actually have a lower net price for you.
How accurate is it?
Your results from the Net Price Calculator will be only as reliable as the information you provide. Keep in mind that the calculated amount of financial aid is an estimate, not an official offer. The estimate provided using this net price calculator does not represent a final determination, or actual award, of financial assistance. The price of attendance and financial aid availability may change. This estimate shall not be binding on the Secretary of Education, this institution of higher education or the State in which this institution of higher education is located.
BU Financial Assistance will determine your actual award amount based on your CSS/Financial Aid PROFILE application, your Free Application for Federal Student Aid (FAFSA), and other supporting documents.
What about merit-based scholarships?
Don’t forget that you could be offered a BU merit-based scholarship not included in the calculator’s need-based financial aid estimate. Explore merit scholarship opportunities at BU.