Our net price calculator is one tool, but certainly not the only one, that you can use to help learn about need-based student financial aid for which you may be eligible here at the University and that would then be available to assist in paying the costs associated with your Vanderbilt undergraduate education. Please note that this calculator is intended for use by U.S. citizens and eligible non-citizens (as defined by the U.S. Department of Education for federal student aid purposes) who will be full-time, first-year undergraduate students. As such, the calculator will be of limited or no use for any other students. Additionally, our calculator will NOT produce any indication of your potential for receiving merit-based Vanderbilt assistance or your potential to be admitted as an entering freshman.
In using our net price calculator, you will be asked to provide information about yourself and your family, with much of it being financial details. It is very important to remember that the information regarding your need-based student financial aid eligibility that is generated by the net price calculator will be an estimate and is based specifically on the information that you enter into the calculator as well as being applicable to the academic year indicated (presently, that is 2013-14). Most importantly, please remember that the output from the calculator will only be as accurate and reliable as the information that you enter.
In conjunction with the net price calculator, you will also be provided with an estimate of the cost of attending Vanderbilt University for the year indicated, as well as an estimate of the amount that you and your family would need to pay, which is called the expected family contribution, toward your cost of attendance for that year. Your “net price,” which is related to your estimated total amount of grant/gift aid and takes into account your cost of attendance and expected family contribution, will almost always vary among different colleges and universities because of their different institutional costs, financial aid policies, etc.
Vanderbilt is one of many Universities that utilize the basic guidelines of “Institutional Methodology” to determine expected family contributions. While our calculator should provide a good estimate of your family contribution, the Vanderbilt Office of Student Financial Aid and Undergraduate Scholarships will ultimately make an “official” determination of your family contribution if/when a formal application for student financial aid is completed and submitted for the specific academic year when you would potentially enroll. Lastly, we would remind you that there are a number of methods by which a student and his/her family can potentially finance their expected family contribution.
If/when appropriate, staff in the Office of Student Financial Aid and Undergraduate Scholarships here at Vanderbilt will calculate an “official” or actual need-based student financial aid award/package for first-time students who complete the requisite two application documents: The College Board PROFILE form and the Free Application for Federal Student Aid (FAFSA). Undergraduate financial aid applicants are also required to provide relevant copies of (and/or information from) their and their parents’ Federal Income Tax Returns as part of our financial aid application process. Special circumstances are considered and evaluated on a case-by-case basis after students have completed the financial aid application process. Information about unusual or special family financial circumstances will need to be explained as well as thoroughly documented and submitted directly to the Office of Student Financial Aid and Undergraduate Scholarships after the PROFILE and FAFSA forms have first been completed and submitted to their respective processing centers.
To begin the process of using our net price calculator, which is established and controlled solely by Vanderbilt but hosted by the College Board, you may either sign in using your College Board username and password (if you already have them) or you can always use the calculator as a “guest.” If you sign in using your College Board username and password, you will have the added option of saving the information that you have entered so that it can be accessed again at a later time. Again, please remember to be as accurate as you can with regard to the information that you enter into the calculator.