### Question
Can you define what net price means?


### Answer
**Net price** is defined as the following in *20 U.S.C. § 1015a*:

> the average yearly price actually charged to first-time, full-time undergraduate students receiving student aid at an institution of higher education after deducting such aid, which shall be determined by calculating the difference between—


(A) the institution's cost of attendance for the year for which the determination is made

#### Citation:
  - *20 U.S.C. § 1015a*
  - Heading: **CHAPTER 28-HIGHER EDUCATION RESOURCES AND STUDENT ASSISTANCE > SUBCHAPTER I-GENERAL PROVISIONS > Part C-Cost of Higher Education**

