Posted Date: May 2, 2011
David Bergeron, Deputy Assistance Secretary for Policy, Planning and Innovation, Office of Postsecondary Education
Subject: Net Price Calculator
In accordance with the Higher Education Opportunity Act of 2008 (HEOA), by October 29, 2011, each postsecondary institution in the United States that participates in Title IV student aid programs must post a net price calculator on its Web site. The purpose of this requirement is to help current and prospective students, families, and other consumers estimate the individual net price of an institution of higher education. The calculator must use institutional data to provide an estimated net price that can be tailored to a student’s individual circumstances. While schools may also develop their own net price calculator, the Department has designed and developed a fully functional net price calculator which we are making available to all Title IV postsecondary institutions to assist them in meeting this requirement.
The net price calculator can be accessed by visiting the Department’s National Center for Educational Statistics (NCES) at http://nces.ed.gov/ipeds/resource/net_price_calculator.asp. We will also post a link to the calculator under the Tools for Schools section of our Information for Financial Aid Professionals (IFAP) Web site.