net price
Defined in 3 places across 2 titles of the United States Code.
In this section, the terms “tuition and fees” and “net price” have the meaning given to such terms in section 1015a of this title.
Source
- 2008–present20 U.S.C. § 1161mEducation · Incentives and rewards for low tuition · in this section
“Net price” means the difference between the manufacturer's wholesale price for infant formula and the rebate level or the discount offered or provided by the manufacturer under a cost containment contract entered into with the pertinent State agency.
Source
- 1994–present42 U.S.C. § 1786The Public Health and Welfare · Special supplemental nutrition program for women, infants, and children · as used in this section
The term “net price” means the average yearly price actually charged to first-time, full-time undergraduate students receiving student aid at an institution of higher education after deducting such aid, which shall be determined by calculating the difference between—
(A) the institution's cost of attendance for the year for which the determination is made; and
(B) the quotient of—
(i) the total amount of need-based grant aid and merit-based grant aid, from Federal, State, and institutional sources, provided to such students enrolled in the institution for such year; and
(ii) the total number of such students receiving such need-based grant aid or merit-based grant aid for such year.
Source
- 2008–present20 U.S.C. § 1015aEducation · Transparency in college tuition for consumers · in this section