Calculating the cost of college can be confusing. Scoir provides multiple levels of financial estimates based on the information you provide. Rest assured that your information is secure and only visible to you.
This article contains the following sections:
- Providing Financial Information
- Financial Tools [Video Overview]
Providing Financial Information
There are three levels of financial estimates provided by Scoir: Average Net Price, Income-based Net Price, and Custom Price Estimate. The more information you provide, the more accurate your financial estimates will be.
Average Net Price
Average net price is the default estimate and is the average reported price for all enrolled students.
Income-based Net Price
The income-based net price is calculated based on your household income range. To select a household income range, click the Household Income link beneath the Income-based Net Price section, then select the range that applies to your household. When you’re finished, click Save.
College tiles will be updated to reflect Household Income Range price estimates.
You can update your Household Income Range at any time by clicking the Edit link beneath the Income-based Net Price section.
Custom Price Estimate
Scoir uses a proprietary algorithm for assessing the Custom Price Estimate per college. To receive a custom price estimate, click the Calculate your EFC button beneath the Custom Price Estimate section.
You’ll be prompted to enter information about your family, income, and assets. The more information you provide, the more accurate your EFC will be.
To learn more information about each field, click the blue info icon beside its title.
When you’re finished entering your information, click Calculate.
You will be presented with a Custom Price Estimate. To confirm, click Finish.
College tiles will be updated to reflect Custom Price Estimates based on your EFC.
You can update your EFC information by clicking the Calculate your EFC button beneath the Custom Price Estimate section.