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Sticker price still a major deciding factor in choosing a college


Tuesday, September 25, 2012
A college’s sticker price refers to the total cost of tuition before financial aid, such as grants and scholarships, has been taken into account. Since few students pay full tuition, you can get a more realistic idea of your college costs by using a net price calculator (NPC).

However, according to a recent studentPOLL report, only 35 percent of high school seniors used the NPC when searching for a college. Data in the study, published by the College Board, a higher education research organization, and the Art & Science Group, an educational consultancy, revealed that more than half of the students polled dismissed potential colleges based on the sticker price alone. Many did not even take financial aid into account when making their decisions.

The net price calculator is an online tool that the federal government requires all post-secondary institutions receiving federal funding and enrolling first-time, full-time, degree-seeking students to post on their Web sites. The low number of students using NPCs suggests that many high school seniors could be missing out on schools due to mistaken perceptions about how much they would have to pay in tuition.

"It's wise to use the net price calculators to understand what the net price might be for them before they make decisions about ruling out a college from consideration," Nanci Tessier, vice president of enrollment management at the University of Richmond, told The Huffington Post.ADNFCR-16000756-ID-800870159-ADNFCR

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Sticker price still a major deciding factor in choosing a college
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