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Estimating net price and merit scholarships

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Net Price Calculator May Be Too Simple to Use

Augustana College provides two online tools meant to help families talk with us about the cost and value of an education at Augustana. We encourage you to read the information below before completing the Merit Scholarship Estimator or the federally mandated Net Price Calculator.

  1. The Merit Scholarship Estimator is a tool for students and families to estimate academic scholarships.
  2. The federally mandated Net Price Calculator is a tool for students and families which provides an early estimate of what they may expect to pay to attend Augustana. This tool provides estimates for both merit scholarships and need-based assistance.

Neither calculator is an official application for financial aid, and both are only estimates.

The federally mandated Net Price Calculator (NPC) can be useful for initial cost comparisons. It is divided into two parts: one to estimate scholarships and another to estimate financial need. Student test scores, high school class rank and GPA are needed for the first part. The financial aid section requires information about family income and assets. Students must be eligible to file the Free Application for Federal Student Aid (FAFSA) to use the NPC.

The NPC is only an early estimate of possible assistance and results cannot present a complete picture. The best way to determine the college education for you and your goals is to visit campus and speak with counselors from admissions and financial assistance.

NPC drawbacks

  • Cannot describe the overall value of that education to a student's personal and professional goals
  • Implies that price is the only consideration when selecting a college
  • Does not take into account all possible funding available (for example, Augustana talent-based awards such as art, music, theatre and debate scholarships, or federal parent loans for which a family may be eligible)
  • Does not take into account special circumstances the financial aid office may consider with an official application)
  • Can dissuade the user from conversations with college employees who can clarify and help, especially if the results are incorrect

NPC benefits

  • Gives some early insight into college costs for better planning and saving
  • Shows immediate results
  • Can begin the conversation with admissions and financial assistance advisors, especially if you bring a printout to your college visit
  • Provides a starting point for families unfamiliar with the college search process

To discuss the NPC or Merit Scholarship Estimator with an admissions counselor or to arrange a campus visit, email admissions@augustana.edu or call (800) 798-8100 or (309) 794-7341.

Range of financial assistance received by incoming first-year students 2012-2013

Since the NPC does not include all funds/resources available to families, the information below may provide additional insight into what assistance a student may qualify to receive. The information is based on the 2012-2013 first-year class and indicates the range of financial assistance for which students may qualify, based on the family income. Note that awards will vary based on a number of factors, including academic performance, family size, number of children in college and student/parent assets.

*Total family income First-year students completing FAFSA Number awarded First-year students demonstrating need **Range of total award
$0-$17,999 31 31 31 $33,650-$45,320
$18,000-$26,999 25 25 25 $33,375-$45,200
$27,000-$35,999 22 22 22 $31,670-$44,725
$36,000-$44,999 27 27 27 $31,520-$42,950
$45,000-$53,999 36 36 36 $26,870-$45,670
$54,000-$62,999 26 26 26 $31,200-$40,350
$63,000-$71,999 33 33 33 $25,900-$41,897
$72,000-$80,999 28 28 27 $20,000-$36,220
$81,000-$89,999 33 33 33 $24,000-$35,870
$90,000-$98,999 30 30 30 $22,000-$34,020
$99,000-$125,999 99 99 99 $18,822-$35,700
$126,000-$149,999 54 54 50 $17,000-$33,700
$150,000 and over 182 182 83 $10,500-$33,400
Non-FAFSA filers 25 $4,000-$20,500

*Total family income (parent and student/taxable and non-taxable)

**Total award includes state, federal, outside scholarships and institutional scholarships and grant funds, federal work programs and federal student loans, excluding alternative and PLUS loans.