Financial Planning and Calculators
Estimating your Costs: Use our Net Price Calculator
If you are a prospective Undergraduate Day first-time student, our Net Price Calculator will help you and your family estimate the amount of need-based financial aid you could be offered and the net amount you may be expected to pay toward the cost of attending Northeastern. The calculator is not intended for international, transfer, returning, graduate or College of Professional Studies students.
Many students who are accpeted to Northeastern are also awarded merit-based scholarships. Visit our scholarship page for more information about merit-based scholarship programs.
As you use the calculator, it is important to remember that the calculated amount of need-based financial aid is an estimate, not an official offer. Student Financial Services will determine your actual award amounts based on your CSS/Financial Aid PROFILE, your Free Application for Federal Student Aid (FAFSA), and other supporting documents.
Making Up The Difference: Paying For What Isn’t Covered By Financial Aid
The difference between the cost of education and the amount of financial aid offered must be met through current income, savings, a payment plan, or supplemental loan programs. Direct costs (tuition, fees, room and board) are estimated to total $57,134 for resident freshman students and $43,052 for nonresident freshman students in the 2014-2015 academic year. Room and board costs vary, depending on assigned residence hall, room occupancy, and the meal plan selected. To arrive at the portion of direct costs that you must meet, subtract the amount(s) of any grants or loans offered from this projected direct-cost total. Please remember that you do not subtract the Federal Work-Study award from direct costs.
The Annual Cost Calculator below will help you to estimate your direct costs for the year. To use the calculator, enter the amount of your total Financial Aid Award in the first box. Enter the amount of the Work Study portion of your award in the second box, so that it will not be included in the award total. Your remaining cost after financial aid will appear in the final column.
A number of options are available to assist families in meeting costs not covered by financial assistance. These resources, which include a payment plan and supplemental financing, can be used in addition to any current family income and savings. To help determine the combination of resources that will work best for your family's financial situation, you can utilize the Monthly Payment Calculator below.
You will want to begin by using the Annual Cost Calculator to determine the appropriate amount for Step #1. In Step #2, estimate how much you can afford to pay monthly for 10 months over the course of the academic year. If this amount will cover the full amount of your direct costs in Step #1, the calculator will recommend that you sign up for the Payment Plan only. The other three options include a combination of the payment plan and supplemental loans.
If you are unsure about the affordability of alternative loan options, a Loan Comparison Calculator can be of assistance. It will allow you to analyze the monthly payments for three loan options at differing interest rates and loan terms.