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Thomas University recognized for having one of the lowest net prices in the U.S.

Thomas University was named to a list released on Monday for having one of the most affordable net prices in the country. The U.S. Department of Education’s College Affordability and Transparency information includes lists with the most- and least-expensive colleges and universities.

Thomas University made the list for private not-for-profit four-year or above schools with the lowest net prices, which includes the 10 percent of institutions that have the lowest net prices for the 2011-12 academic year. The national average net price is $20,247. TU ranked considerably below that with $9,944.

“Recognition by the Department of Education as one of the most affordable private education colleges and universities is certainly welcomed,” said Dr. Gary Bonvillian, TU President. “However, Thomas University has always positioned itself to be a price leader among private colleges and universities, and it was not a surprise that our net price is one-half the national average of other schools.”

The lists were created using data from the National Center for Education Statistics gathered during winter 2012-13. According to the U.S. Department of Education website, net price lists were determined based on the average net price for a full-time, first-time degree-seeking undergraduate student. The average net price is reached by subtracting the amount of federal, state or local government, or institutional grant or scholarship aid from the total cost of attendance.

To view the U.S. Department of Education website on College Affordability and Transparency, visit http://collegecost.ed.gov/catc/#.

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