Net Price Calculators: Wins and Warnings
"Net Price Calculators, which were due in place at all above-referenced institutions by October 29th, 2011, are a very important first step towards providing the help families need to successfully navigate the process of paying for college," Fox Business reports. "Just like any other tool, however, there are limitations for families to consider---and it is vital that families use the NPC’s only for their designed purpose. For example, the NPC’s were not designed to be used for budgeting purposes, school selection, school cost comparisons, as a cost reduction tool, or as a tool to identify the right college based on the student’s desired major, career objectives, academic qualifications, etc. Below are outlined several of the limitations of the new NPC tool, as well as the potential impact for the families using it in their college planning process. ...Schools have the ability to choose among several different formats for the NPC they will use."
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