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A New Web Site, Tracking Net Price Calculators, Reveals 272 Schools Have Yet to Comply With Oct. 29 Deadline
Dec 22, 2011 (01:12 PM EST)
NetPriceCalculator.Info Study Shows 95% of Colleges and Universities Have Required Pricing Assessment Tool on Websites, But Some Hard to Find
MCLEAN, Va., Dec. 22, 2011 /PRNewswire/ -- NetPriceCalculator.info, a new website tracking colleges and universities that meet a federal requirement to place a "net price calculator" on their school websites, today announced that 272 federally funded institutions of higher education have yet to comply with the October 29, 2011 deadline for this important tool for students and parents.
According to founder James A. Boyle, NetPriceCalculator.info was created for students and parents, high school counselors and others who want to find schools' net price calculators quickly and easily. His organization's review of 6,000 college and university websites reports that more than 95% of institutions have a net price calculator on their sites, though some are difficult to find and vary in usability and accuracy.
"Many institutions have net price calculators that exceed minimum requirements and provide useful planning estimates to prospective students and families seeking information about financial aid," said Boyle. "However, three years after the mandate was issued, it is surprising that so many colleges and universities have failed to post a net price calculator; such as University of North Carolina – Pembroke, Southwest Virginia Community College and Troy University in Alabama."
Boyle added: "The college search and selection process is daunting even when money is not a major factor, but in these economic times, cost is critical. A school website without a calculator means students won't be able to learn the expected price of attendance."
A complete directory of school websites contained in the review may be found on the home page of www.netpricecalculator.info. Any school without a link to a calculator does not, as of the date of this press release, have one. More than one-half of the missing calculators – 158 or 58% of the total 272 – are non-traditional, certificate program or skill training colleges, many of them beauty or cosmetology schools.
According to Boyle, NetPriceCalculator.info is planning to issue "ratings" of net price calculators, measuring accuracy, user friendliness, and compliance with federal guidelines.
Based in McLean, VA, NetPriceCalculator.info was founded in November 2011. More information is available at www.netpricecalculator.info.