Limitations of the Net Price Calculator
The net price calculator is not an official application for Federal, State of Nevada or UNLV financial aid programs. Students who are interested in applying for financial aid at UNLV can begin the process by completing the correct year Free Application for Federal Student Aid (FAFSA).
The net price estimates provided are not binding upon the U.S. Department of Education, the Nevada System of Higher Education, the State of Nevada or UNLV.
The net price calculator estimates displayed to you do not represent a final bill determination, an actual financial aid award or final net price to attend UNLV. The values are a median based estimate of scholarship and grant aid provided to students within the previous school year and the cost of attendance. Higher education costs and available financial aid programs will vary each school year. The data used within the calculator is subject to change at any time.
Not all students will qualify for scholarships and grants for a variety of reasons and not limited to these examples:
Scholarships are based upon the donor’s terms and conditions for matching up students with unique scholarship awards. Eligibility for scholarships has many restrictions and not all students will qualify.
Scholarships may be offered to students from designated states such as the Western Undergraduate Exchange (WUE) scholarship program and are included within the net price calculator estimates. Students from a non-WUE state would not be considered for the WUE scholarship program yet the scholarship data must be included within the net price calculator.
Grants are derived from limited need-based funding sources. The larger the family income, the less likely a student would be considered for a need-based grant program.
A student who completed the FAFSA late will likely not be considered for a need-based grant or a scholarship program because there was limited funding. The available funds were offered to other students who applied earlier within the FAFSA completion process.
No student loans or work study programs are factored into the net price calculator estimate as required by the U.S. Department of Education. However, many students who attend higher education may likely need to borrow federal student loans, work during school, utilize savings accounts, utilize veteran’s benefits, etc in order to help pay for their educational expenses at a later date.
Colleges and universities throughout the country may use different variations of a financial aid net price calculator. This may make comparing scholarship, grant and other educational costs a challenge to ascertain if substantially different variables are used among schools during your review.
The net price calculator as delivered by the U.S. Department of Education is unable to breakdown which median financial aid estimate values are derived from scholarships and grants. Both sources are combined into one value.
The net price calculator should not be used as the primary means of selecting a higher education school to attend.