Posted Date:January 27, 2014
|Author:||Lynn B. Mahaffie, Acting Deputy Assistant Secretary for Policy, Planning, and Innovation|
Subject: Updated Net Price Calculator Template
In accordance with section 132(h) of the Higher Education Act of 1965, as amended, each postsecondary institution that participates in Title IV federal student aid programs must post a net price calculator on its website that uses institutional data to provide estimated net price information to current and prospective students and their families based on a student's individual circumstances. This calculator must allow students to calculate an estimated net price of attendance at an institution (defined as cost of attendance minus grant and scholarship aid) based on what similar students paid in a previous year. The net price calculator is required for Title IV institutions that enroll full-time, first-time degree- or certificate-seeking undergraduate students.
Institutions may meet this requirement by using the U.S. Department of Education's (the Department) Net Price Calculator template or by developing their own customized calculator that includes, at a minimum, the same elements as the Department's template.
The latest version of the Department's Net Price Calculator template, which reflects data from the 2012-2013 award year, is now available at the Department's Net Price Calculator Information Center (http://nces.ed.gov/ipeds/resource/net_price_calculator.asp). In addition to the template, we also provide on the Information Center website:
The 2013 template Quick Start Guide, source code, and Expected Family Contribution (EFC) tables
A bulk data file upload tool
A zip file containing a list of the net price calculator web addresses that institutions reported through IPEDS
Frequently asked questions
Links to additional resources and guidance pertaining to the net price calculator
If you have any questions about the net price calculator template, please contact the Net Price Calculator Help Desk at 877/299-3593. You may also e-mail email@example.com for assistance.