Financial Aid basics

Net Price Calculator (NPC)

Towson University currently uses Net Price Calculator software developed by the U.S. Department of Education (D.O.E.).

The D.O.E.'s calculator can be useful for estimating need-based aid, but it does not collect the relevant variables (GPA and SAT/ACT) required to accurately estimate merit-based scholarships.

Accuracy Limitations:

• The main limitation of the Department of Education's Net Price Calculator is that it only collects data that can be used to estimate need-based grants, but then reports aid estimates that include other types of aid that are not based on financial need, such as merit-based scholarships, tuition waivers, and athletic aid.
• For students with high financial need and average academic profiles, the calculator does a fairly good job of estimating typical combined grant amounts. Actual awards amounts will be based on final aid application data and amounts will vary between students.
• For students with strong acacemic profiles this calculator may underpredict your scholarship aid. If your financial need is too low to qualify for grants, the calculator will often estimate $0 in grant aid, but if your academic profile is strong enough, you may qualify for merit-based TU scholarships. For more information on the eligiblity requirements for TU scholarships, please visit the Scholarships section.
• Federal regulations require schools to base calculator estimates on 2010-11 cost and aid data.

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