I'm a rising senior and my first choice college at the moment is Stevens Institute of Technology in Hoboken, NJ. Everything about the school is ideal except the tuition which is a whooping $45 k + room and board. I filled out their net price calculator and it gives me an estimate cost of $17k after all financial aid (including loans of $3000 and $2500). I come from a single parent $18k salary household. Other information I put it was my gpa which is 4.0 and my SAT scores of 660 M and 580 R&W. Is this net price calculator telling me I have to pay $17k flat a year to attend this school? If this is the case, can I just get a loan for this amount?
Estimates for the 2015-2016 Academic Year
Your published cost of attendance:
Tuition & Fees + $47,366
Room & Board + $15,200
Books & Supplies + $1,000
Other Expenses + $1,250
Total Cost (Including Personal Expenses) $64,816
Your estimated need:
Total Cost (including Personal Expenses) $64,816
Expected Family Contribution (EFC) - $0
Total Need $64,816
Your estimated grants and scholarships:
Federal Grants
Total Federal Grants - $7,275
State Grants
New Jersey Tuition Assistance Grant - $12,196
College Grants and Scholarships
Grant - $22,673
Total Grants and Scholarships $42,144
Your Estimated Net Price
$22,672
Stevens typically helps students cover 50% to 75% of their unmet need with Institutional Merit Scholarships and need based Grants.
Your estimated eligibility for other aid programs
Loans
Direct Subsidized Loan - $3,500
Direct Unsubsidized Loan - $2,000
Remaining Cost after Financial Aid
$17,172
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