The final details of the Net Price Calculator template to be released in August have yet to be completed, but colleges are already being advised to consider how they will comply with the HEOA provision requiring them to post a Net Price Calculator on their websites. Think Ahead LLC has prepared a white paper for college administrators with the most current information on Net Price Calculator (NPC) requirement and the template being developed by the Department of Education.
The white paper includes analysis of relevant excerpts from the HEOA transparency provisions and the latest information available on the design and function of the NPC template. A specific example provides an explanation of how the template will work from the perspective of both a student user and a college administrator.
The HEOA allows colleges to choose either the NPC template or an alternative financial aid calculator to meet the requirement. The white paper discusses the pros and cons of the template to help college professionals decide whether it will be appropriate for their institution, or if they should consider an alternative.
The paper includes links to the HEOA, to the DOE's subcontractor report on the development of the template, and to examples of alternative calculators.
To download the free white paper, go to: http://www.collegeaidcalculator.com/NPC_whitepaper.html
Think Ahead LLC is a developer of college financial planning software. College Aid CalculatorŪ (CAC) from Think Ahead is the leading alternative Net Price Calculator. CAC is an HEOA-compliant net price calculator customized for individual colleges. It includes your COA, need- and merit-based packaging, accurate FM and/or IM EFC, comprehensive help messages to guide users, your college logo and colors, and printable reports. The needs analysis can be customized to accurately reflect non-standard options or special allowances. Optional data collection function allows colleges to establish dialog with prospective students early in their college search. For more information or to schedule a live demo for your college contact Carri@CollegeAidCalculator.com.
Think Ahead will be exhibiting at the 2009 NASFAA National Conference in San Antonio in booth #507.
http://nasfaa-web.ungerboeck.com/oep/oep_p2_details.aspx?sessionid=fc9ff4fanfc4fb7&OrderNbr=924
Posted 06/17/09 to www.NASFAA.org. Posting of press releases is done as a service to Members and does not imply endorsement or support by NASFAA. NASFAA does not review this information for content or accuracy.
