Net price is the difference between the full cost of attendance and (including tuition and fees, books and supplies, room and meals, and other related expenses) minus any estimated grants and scholarship for which the student may be eligible. Many universities have contrived a way to estimate the approximate net amount incurred in the university by coming up with their custom “Net Price Calculators”, and Laurus College also has this facility. The net price calculator of Laurus College gets you a personalised estimate of your “net price” as an undergraduate student.
The average net price by family by income is apportioned fairly as follows: for family income between $0 - $30,000 and $30,001 - $48,000 the average cost comes to about $12,431 and $13,624 respectively.
For current and prospective students to extract their estimated net price, you need to feed in necessary data into the Net Price Calculator which will be relevant to your expenses and financial aid considering your family income. The net price varies as students are segmented into five categories of family income with a proportionate increase in net price for higher-income groups.