The latest version of the Department template uses 2020-21 data,Īnd the Department plans to release updated versions in January annually. The Department posts updated versions for each award year.
CODELINK V2 MODIFY CLASSIFIED ARCHIVES DATA UPDATE
Institutions using the Department's net price calculator template will need to update their net price calculators after Please note that cost of attendance data and grant aid data should align and be from the same year. We expect institutions to update their calculators on an annual basis when new data become available. Q: When and how often do colleges have to update their net price calculators?
Nd requiring students to apply first subverts this intent. Should be able to have access to the calculator to inform decisions of whether or not to apply, a (students who have contacted an eligible institution requesting information concerning admission to that institution)
The statutory language provides that prospective students "to help current and prospective students, families, and other consumers estimate a student's individual net price." It would not be appropriate to limit access, as the HEA requires this to be available Have applied to the college and have received a special log-in/user number? Q: Can colleges limit access to their net price calculators to students who It and should clearly indicate that submitting contact information is optional. However, while an institution canįor contact info, such as name, email address, etc., that is not related to the estimate, it cannot require Institutions can require additional info such as GPA (and other fields that will provide prospective students better estimates of net price) beyond the minimum elements that the ED template does. (e.g., GPA, more detailed financial information, etc.)? Further, can they require users to answer those questions? Q: Can colleges ask users to submit information that is not included in the Department's template Caveats and disclaimers, as indicated in the HEA.Percent of the cohort (full-time, first-time students) that received grant aid Estimated other expenses (personal expenses, transportation, etc.).*An institution may use either Federal Methodology or Institutional Methodology Include, at a minimum, the following input and output elements:ĭata elements to approximate the student's Expected Family Contribution (EFC), suchĪs income, number in family, and dependency status or factors that estimate dependency Institutions that choose to customize or build their own net price calculator must Includes, at a minimum, the same elements as the Department's template. Net Price Calculator template or by developing their own customized calculator that Institutions may meet this requirement by using the U.S. Or certificate-seeking undergraduate students. Is required for all Title IV institutions that enroll full-time, first-time degree. This calculator should allow students to calculate an estimated net price of attendanceĪt an institution (defined as cost of attendance minus grant and scholarship aid)īased on what similar students paid in a previous year. That uses institutional data to provide estimated net price information to currentĪnd prospective students and their families based on a student's individual circumstances. Student aid programs is required to post a net price calculator on its Web site In accordance with the Higher Education Act of 1965 (HEA), as amended, as of OctoberĢ9, 2011 each postsecondary institution that participates in the Title IV federal
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