Net Price Calculator Helps Cure the Sticker Shock of Higher Education
When most students start receiving information about the financial costs of a higher education, they are seniors in high school. Up until that point, many are simply told that college is expensive and they should start saving, but that’s about it. Now, a new tool has been designed to help families understand how much a higher education will cost, which allows families to then begin planning on how to pay for it.
This tool is called the Net Price Calculator (NPC) and was created to be in accordance with 2008’s Higher Education Opportunity Act. Under this act, every institute of higher education that allows students to use federal aid to pay for their education must have an NPC on their website so that students can calculate the price of attending that school. Students can put in their own personal data on this NPC and the calculator shows them the net price of attending that school (tuition, room, and board included). Read the rest of this entry »








