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To calculate your net price at a particular school, head to the school’s financial aid website or use the U.S. Department of Education’s search tool to find the school’s net price calculator.
The College Cost Calculator [5] allows users to input various costs associated with their prospective college or university. Some advanced calculators might even factor in potential financial aid, scholarships, and grants, giving a more accurate picture of the net cost. Some calculators are general, while others are specific to an institution.
As defined in The Higher Education Opportunity Act of 2008, the net price calculator's purpose is: "…to help current and prospective students, families, and other consumers estimate the individual net price of an institution of higher education for a student.
Colleges are also required to post a Net Price Calculator, that determines for each prospective or current student a personalized Net Price, which is the COA minus need- and merit-based grant aid (not including loans or work-study programs). Financial aid cannot exceed the cost of attendance.
In the fall of 2011, colleges were required by federal law to post a net price calculator on their websites to give prospective students and families a rough estimate of likely college costs for their particular institution, and to "demystify pricing".
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The net present value ( NPV) or net present worth ( NPW) [1] is a way of measuring the value of an asset that has cashflow by adding up the present value of all the future cash flows that asset will generate. The present value of a cash flow depends on the interval of time between now and the cash flow because of the Time value of money (which ...
The [net price] calculator shall be developed in a manner that enables current and prospective students, families, and consumers to determine an estimate of a current or prospective student's individual net price at a particular institution."