The term "Net Price" refers to the final amount a buyer pays for a product or service after all discounts, taxes, and additional fees have been applied. It provides a clearer picture of the actual cost, helping consumers make informed purchasing decisions. In the context of education, the Net Price of attending a college or university is the total cost of attendance minus any financial aid, such as scholarships and grants. This figure helps students and families understand the true financial commitment required for higher education.