by our College Data Analytics TeamOn this page you'll get a better understanding of what college costs you'll actually have to pay out of pocket, which can vary widely based on where you live and your income level.
Few students will pay the full advertised sticker price of University of the People. The Net Price is an estimate of how much the average student actually pays to attend college for one year.
To calculate this number we take the total cost of attendance of University of the People including tuition, fees, room, board and other expenses. Then we subtract out the average amount of aid awarded per student.
We wanted to talk about the net price for all undergraduates (not just freshmen), but that information was not available for University of the People.
Grant and scholarship aid was given to 31% of freshman students.
The average amount awarded was $912.
When subtracted from the total cost to attend University of the People and live off campus, the average annual net price for freshmen receiving aid was $2,689.
The following table explores the likelihood that you too will receive some common price-reducing aid, based on percentages.
| Net Price by Aid Group | On Campus | Off Campus | At Home |
|---|---|---|---|
| 739 Total Freshmen | |||
| 513 (69%) did not receive any grants or scholarships. | N/A | $3,601 | $1,600 |
| 226 (31%) split a total of $206,112 for an average of $912 each | N/A | $2,689 | $688 |
The above refers to grants and scholarships from the college and/or the state, federal or local governments. Other sources of grant aid such as private scholarships are not included.
Family income can have a large impact on the amount of aid you receive, and thus, your net price.
We were hoping to give examples of that here, but unfortunately, the information for University of the People was not available.
Title IV of the Higher Education Act of 1965 establishes general rules that apply to the student financial assistance programs covering grants and loans.
Over a period of three years, the average net price paid by all freshmen at University of the People has decreased by an average of 6.3% per year. This means that despite total costs rising at an average annual rate of 2.9% the average aid given to freshmen has increased at a faster rate.
An overall average net price of $2,689 puts University of the People well below the national average of $20,398.
Many schools offer more aid to first year students (freshmen) than they do to other undergraduates. Is that the case with this school?
