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ERIC Number: EJ933541
Record Type: Journal
Publication Date: 2011
Pages: 6
Abstractor: ERIC
Reference Count: 0
ISBN: N/A
ISSN: ISSN-1068-1027
What Is the Net Price Calculator?: Why Do Boards Need to Know about It?
Lapovsky, Lucie
Trusteeship, v19 n3 p28-33 May-Jun 2011
Every year, almost all boards have an action item on their agenda to approve their institution's tuition and fees for the next year. Yet few of them are involved in discussions about the values and policies embedded in what they are being asked to approve or how the institution decides what to charge different students. That could very well change beginning in October, when the federal government will require higher-education institutions to create a "net price calculator" and post it on their Web sites. The purpose of the calculator is to help students and their families gain a better sense of what they will actually have to pay for a year at a specific college or university. The calculators will provide greater transparency to the process by which institutions award financial aid, and an opportunity for the board and administration to ensure that their institution's policies are consistent with its mission and values. Through the net price calculator, colleges and universities will be able to gain more information about the students who are expressing an interest in them, as well as on the tuition and financial-aid practices of peer institutions. Boards should use that information in approving their institutions' approach to admissions and financial aid. (Contains 3 graphs.)
Association of Governing Boards of Universities and Colleges. 1133 20th Street NW Suite 300, Washington, DC 20036. Tel: 800-356-6317; Tel: 202-296-8400; Fax: 202-223-7053; Web site: http://www.agb.org
Publication Type: Journal Articles; Reports - Descriptive
Education Level: Higher Education; Postsecondary Education
Audience: N/A
Language: English
Sponsor: N/A
Authoring Institution: N/A