Skip to content

News You Can Use: Implementing Net Price Calculator

April 10, 2013

On February 27, 2013, the Department released Dear Colleague Letter GEN-13-07 providing guidance on implementing the net price calculator requirement that was added to the Higher Education Act by the Higher Education Opportunity Act of 2008.

Each institution of higher education that participates in title IV programs must post on its website a net price calculator that helps current and prospective students, families, and other consumers estimate a student’s individual net price at that institution based on what students in similar circumstances paid in a previous year. In meeting this requirement, institutions may develop their own net price calculator or use the template developed by the Department, which is available at the Net Price Calculator Information Center.

The net price calculator requirement is statutory and has no implementing regulations; however, the Department has provided frequently asked questions (FAQs) they have received from individual institutions.  Visit the Dear Colleague letter to view the FAQs.

The National Center for Education Statistics collects the web addresses for institutional net price calculators through the Integrated Postsecondary Education Data System (IPEDS), and these URLs are subsequently displayed on the websites for the College Navigator and the College Affordability and Transparency Center. The URLs are also displayed as part of the Department’s College Scorecard tool. Institutions must ensure that the URLs for their net price calculators are functional and that they link directly to the institution’s net price calculator, instead of, for example, to the institution’s home page. A downloadable zip file containing the full list of net price calculator URLs is available at the Net Price Calculator Information Center.

Institutions should review the FAQs and other materials that are available at the Net Price Calculator Information Center. The Department has strongly urged schools to review the URL that they have provided to IPEDS for accuracy. For additional assistance with the net price calculator requirement or the Department’s template, please contact the Help Desk at 1.877.299.3593 or npc@inovas.net.

 

Pam King, Midwest Regional Director, Nelnet Partner Solutions

Pam King, Midwest Regional Director, Nelnet Partner Solutions

No comments yet

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: