Florida A&M University Net Price Calculator

You’ve come to the right place!

Florida A&M University is pleased to provide this Net Price Calculator as a guide to assist in early financial planning for college.

A few things of note:

The estimate provided using this calculator does not represent a final determination, or actual award, of financial assistance, or a final net price; it is an estimate.

The estimate is based on cost of attendance and financial aid provided to students in a previous year. Cost of attendance and financial aid availability change year to year and student to student.

The estimates generated apply to U.S. citizens and permanent residents only; international students are typically not eligible for federal or state aid and should contact Admissions for more information.

80% of Florida A&M University (FAMU) full time first-time degree/certificate seeking students received grant aid in the last school year.

How is Net Price calculated?

Cost of Attendance

minus

Grants and/or Scholarships

Net Price

Ready to get started?

First, we need to know a bit about you/the student.

State of Legal Residence

Living Arrangements

Thank you!

Let's start with what an estimated Cost of Attendance (COA) includes. The Cost of Attendance is a federal financial aid term that must include these distinct categories of costs:

Direct Costs - paid directly to the college

• Tuition & Fees
• Living Expenses (if living on campus)

Indirect Costs - not paid to the college; these costs can vary greatly by student

• Living Expenses (if living off campus)
• Books & Supplies
• Transportation
• Miscellaneous

The Cost of Attendance does not factor in financial aid. We will get there next!

For now, below you will see your personalized estimated Cost of Attendance categories:

Cost of Attendance

Direct Costs

Tuition & Fees

This is based on one year of full-time undergraduate enrollment and includes student fees. This estimate is based on your state of residence.

Indirect Costs*

Living Expenses

You selected on-campus. Cost = average dorm room and meal plan.

You selected off campus. Cost = average local rent and groceries.

Indirect Costs*

Books and Supplies

This can include textbooks, pens, paper, etc. This estimate is the same for all students but can be adjusted if you have a more specific estimate for your situation.

Transportation

This can include the costs of flights, driving, parking, and related insurance. This estimate is the same for all students but can be adjusted if you have a more specific estimate for your situation.

Miscellaneous

This includes anything else not listed above, such as clothing, toiletries, or medical expenses. This estimate is the same for all students but can be adjusted if you have a more specific estimate for your situation.

Total Cost of Attendance

(Before Aid)

Next, let's talk about financial aid.

Got it. I'm ready to keep going.

Need-Based Government Financial Aid

How is financial aid calculated?

Colleges will use two numbers from the FAFSA:

Your Student Aid Index, or SAI. The SAI is not just family income; it is a calculation of various financial numbers that can impact your need for assistance to pay for college. This number can be as low as -1,500 and as high as 999,999. A negative SAI indicates you have a higher financial need.

Your Pell Grant eligibility. The most common type of federal financial aid is the Pell Grant, which is an amount as high as $7,395 for the current aid year. This is not a loan; it is money provided to you, interest-free, by the federal government to lower your Cost of Attendance.

Luckily, the FAFSA has a quick and easy tool that will walk you through the criteria used to calculate these numbers and provide you with an estimated SAI and Pell Grant amount before you submit an official FAFSA. You will use this to retrieve these numbers to enter below.

Next Steps:

1. Go to the FAFSA Financial Aid Estimator tool and follow the prompts (this will open in a new window so you do not close out of this form). This should take no longer than 5-10 minutes.

2. Make note of these amounts that the tool provides you: SAI, Pell Grant, Maximum Available Direct Loans and Average Work-Study Funds. The results should look something like this, with the necessary numbers circled:

screenshot of sample aid calculator

3. Enter this information below.

Estimated SAI

If your SAI is negative, enter it with the negative sign (ex: -500, not 500).

A negative SAI will be converted to 0 for your Net Price calculation

Estimated Pell Grant

Interest-free federal grant money. This is not a loan.

Estimated Work Study

Federal Work Study is a federally subsidized employment program awarded to FAMU through the Financial Aid Office. This award is based upon a student's financial need. Learn more.

Estimated Federal Loans

Student loan programs offer long‐term, low‐interest educational loans, which may allow students to defer repayment until after graduation, withdrawal, or termination of attendance. Students must file the FAFSA to be considered for any federal loan program. Learn more.

Estimated State Grant

Our state's need-based aid program is called the Florida Student Assistance Grant (FSAG), and you must submit the FAFSA to be considered. Learn more.

Estimated Institutional Grant

Estimated Additional Federal Grant

Now, let's see if you're eligible for any merit scholarships. We will ask you some academic profile questions.

I'm ready to enter my academic profile.

Institutional Merit Aid

FAMU offers some academic scholarships based on a combination of GPA and test scores, renewable up to 4 years. These scholarships require:

• maintaining a 3.0 GPA while enrolled
• enrolling as a full-time student

To find out if you meet the criteria for any of these scholarships, provide your academic profile below.

I am:

I attend(ed):

GPA

4.0 scale, unweighted

SAT Total

SAT Math

ACT Composite

ACT Math

With this academic profile, your potential academic scholarship eligibility is:

Presidential Scholarship

Florida Community College (FCC) Scholarship

You must have earned an AA degree from a Florida State Community College to qualify.

This academic profile does not meet any of Florida A&M University's academic scholarship minimums.

Ok, let's calculate your Net Price!

I'm ready to see my Net Price.

Estimated Net Price

Below is your customized net price for one year of attending FAMU.

Estimated Net Price

Remember: The estimate provided using this calculator does not represent a final determination, or actual award, of financial assistance, or a final net price; it is an estimate based on generalized cost of attendance. Cost of attendance and financial aid availability change year to year and student to student.

Below, you may elect to view & print your results and/or receive this information by email.

Select how you would like to receive your estimate:

I would like to view & print this estimate.

I would like to receive this estimate by email.

Next Steps

By clicking below, I acknowledge that the estimate provided using this calculator does not represent a final determination, or actual award, of financial assistance, or a final net price; it is an estimate based on cost of attendance and financial aid provided to students in a previous year. Cost of attendance and financial aid availability change year to year and student to student.

Who should receive follow-up information?

Student

Parent/Guardian

Other

I would like someone from Financial Aid at FAMU to follow up with me about my estimate.

Student Information

Is it ok for FAMU to follow up with admissions information?

Student Email Address

Student First Name

Student Last Name

Student Birthdate

Intended Entry Term

Student Mailing Address

Country

Street

City

Region

Postal Code

Student Phone Number

Student Email Address

Student First Name

Student Last Name

Intended Entry Term

Parent Guardian Information

Email Address

First Name

Last Name

Other Contact Information

Email Address

First Name

Last Name