U.S. News & World Report: Education

wells.bill

7 Tools to Aid the College Admissions Process: Beginning Oct. 29, each higher education institution in the United States is required to post a net price calculator on its respective college website…These calculators will allow students and their families to determine estimated net price information—which is the college sticker price minus discounts and grant aid—based on each student’s individual circumstance. According to Bill Wells, director of financial aid at Wake Forest University, these tools will provide some clarity for families questioning their ability to afford a particular school. “Before the requirement, we had links [on our school’s website] to various expected family contribution estimators,” Wells says. “But what those tools did not do was actually link the calculation to the specific criteria that each particular school uses in measuring the family’s ability to pay.”

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