There are different kinds of grants. Scholarships, grants and work-study money all reduce the net cost of higher education.
Net price in this aspect is known to be the college's annual cost of attendance not including grants, scholarships, tuition waivers etc., that student receives for one year of college.
It is known as the forms of financial aid that a student does not have to repay or earn through work. If a student do get or wins a private scholarship, it helps to reduce the net price.
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