The Higher Education Opportunity Act of 2008 (HEOA) requires Title IV higher education institutions that enroll first-time full-time degree or certificate-seeking undergraduate students to post a NetPrice Calculator on their websites.
For its net price calculator, CSI uses the free template provided by U.S. Department of Education (ED).
The intent behind this provision of the law and corresponding U.S. Department of Education regulation is to help students and their parents make better informed decisions when choosing a college. It is designed for disclosure and a better way to communicate affordability and improve transparency. It is not meant to be the only or even the main factor in the decision making process, but to provide more useful information to aid that process.
What is the estimated net price? Average Total Cost of Attendance minus Median Need- and Merit-based Grant Aid. It is the estimated amount that first-time full-time students will have to cover with savings, work, loans, work-study or other means. Net price, total cost of attendance, and grant aid amounts are all for one full year, not per semester (annual amounts).
Grant aid is aid that, in general, does not have to be repaid, and includes all need-based and merit-based federal, state, and institutional grants, scholarships, and tuition waivers. It does not include third party awards such as private scholarships, veterans benefits, WIA awards, and third party employer tuition assistance received by students.
Average Total Cost of Attendance is based on estimated full-time tuition and fees (12 credits), estimated cost of books and supplies, estimated room and board, and other estimated personal and transportation expenses. On-campus room and board is based on double-occupancy and 125 meal plan.
It is important to note the estimated net price generated by the calculator is NOT the same as an official financial aid award letter. It is only a broad estimate based on self-reported information provided by the student and past average cost of attendance and past median grant aid information provided by the institution. The data provided by the institution covers the most recent year for which data is available.
CSI's estimated net price is calculated based on average total cost of attendance from 2009-2010 and median grant aid received by first-time full-time degree/certificate seeking students during that same time period. The information is based on first-time full-time degree or certificate seeking students who attended CSI in 2009-2010.
Important: This is NOT an official application for financial aid or scholarships! That is a separate process. For information about how to apply for financial aid and scholarships please visit the CSI Financial Aid website at: http://www.csi.edu/financialAid/
The net price calculator only provides a general snapshot of what you can expect for planning purposes. Your final financial aid award will be based on eligibility established through your FAFSA application and scholarship application process. The average cost of attendance and the availability of financial aid change from year to year, and financial aid awards are determined on an individual basis, based on eligibility criteria, funding availability, timing of the application, etc.
The CSI net price calculator does not save information provided by the students. Anyone, prospective students and their parents, is welcome to use CSI's net price calculator.
The calculator does not ask students to provide academic information such as high school GPA, SAT or ACT scores, etc. Students only qualify for merit-based aid if they meet specific eligibility requirements. Many factors come into play when we award financial aid to students including, but not limited to: deadlines, levels of funding, grade levels, financial need, etc.
The calculator also does not take into effect student or parent assets nor does it verify the accuracy of the information provided by the student (e.g. residency status, dependent status, income level, eligibility for need-based or merit-based financial aid, etc.).
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