Net Price Calculator
In accordance with the Higher Education Opportunity Act of 2008 (HEOA), by October 29, 2011, each post-secondary institution that participates in Title IV Federal Student Aid Programs must post a Net Price Calculator (NPC) on its website that uses institutional data to provide estimated net price information to current and prospective students and their families based on a student’s individual circumstances. The net price calculator is required for all Title IV institutions that enroll full-time, first-time degree or certificate seeking undergraduate students.
Based on this requirement, the School of Mines is utilizing the NPC made available by the U.S. Department of Education. Using both information provided previously by the School of Mines and input from the student/family, this NPC will allow you to calculate an "estimated" net price, which is defined as cost (price) of attendance minus Federal Grant and institutional scholarship aid, based on what similar students received in a previous year. It is important to note that depending on when you access the NPC on our web site, the institutional information used to calculate the net price could be one to two years old. Depending on updates to the U.S. Department of Education NPC, it is expected that the School of Mines will be able to update our information by early March of each year. After reviewing the information below, you can
CLICK HERE or on the image below to start the NPC process.
Items to keep in mind when reviewing the results relative to the 2014-2015 academic year:
- The results of the Net Price Calculator are only estimates and may not be a true reflection of your net price.
- The NPC calculated estimates for grants and scholarships only reflects your potential federal grants and School of Mines scholarships. This does not take into account scholarships you could be awarded through your state, high school, local or national civic organizations, Tribal Higher Education assistance, Vocational Rehabilitation or military educational benefits, to name just a few.
- The Tuition & Fee estimate is based on 30 credit hours for the academic year. If you are taking more or less than 30 credits, divide the tuition and fees estimated cost figure by 30 and then multiple the result by the total credit hours you expect to take for the academic year. Replace the amount we provide with the NPC with your result to obtain your own revised total estimated cost.
- The room and board estimate is based on the basic campus housing option and standard meal plan. There are other, more expensive campus housing options available that you would have to take into account for your estimated costs.
- The books and supplies estimate is subject to change, but the amounts used were based on $1000 for the academic year.
- All undergraduate students are required to participate in the Tablet PC program; however, the fee of approximately $800 per year was not an item to be included in the Estimated Cost figures, so that needs to be added to your calculated net price.
- Because traditional first time, full time freshman are required to live in campus housing, the NPC only returns estimated cost figures for students living in campus housing. There are exceptions to this requirement and you should speak with the Residence Life office regarding this matter. For students living with their parents, you can subtract the "Estimated room and board charges" from the "Estimated total cost of attendance" to calculate your Estimated Net Price. For students living off campus, but not with parents or other relatives, you can add $1370 to the "Estimated total cost of attendance" to calculate your Estimated Net Price.
- If you are most concerned with what the student/family would more closely owe the university, you should subtract out the "Estimated other expenses" from the "Estimated total cost of attendance" to arrive at a closer estimate of direct costs for attendance at the School of Mines.
Go to the SD Mines Net Price Calculator