The average net price, as defined by the federal government, is the average amount students need to pay to attend a college after deducting aid. Baker College determines the net price of family income on family income range or income group. The net price can vary, depending on the amount and range at which a student's total family income falls. Depending on the financial aid available, the net price may vary, and the financial aid provided may either be less or more than the overall average costs incurred during the program. However, Baker College's average net price is $12,877.
Annual family income ranging from $0 - $30,000 has a net price of $10,564, which is significantly less than the median average price, which is $15,000 and considerably lower than the net price of $12,877. The students and family whose annual family income range is $30001 - $48,000 has an average of $11,014. Whereas, the net price for the annual income range of $48,001 - $75,000, which is the median annual income range, is $15,000, which is considerably higher than the average net price per program. The student whose annual income range is $75,001 - $110,000, the average is $15,929, and the family whose annual income is $110,000 and above the average is $15,363.