Average Net Price is a term defined by the federal government which is the average amount students paid to attend a college after deducting gift aid.
The average net price depends on the family income of the students, the family income is divided into five slabs.
A family with a net price of $0 to $30,000 would have to pay $2,120, while it is $3,271 and $5,957 for those with $30,001 to $48,000 and $48,001 to $75,000.
Higher the family income, the higher the net price. The students and families whose annual income is between $75,001 to $110,000 will be paying $7,217.