Wellesley College is touting its new and improved My inTuition calculator to determine how much it will cost to attend the private women’s institution. The school trumpeted the free tool a year ago too, and the calculator still promises to give you the info based on answered just 6 questions, but now also breaks out data on family cost, work -study and loan estimates, and additional grant assistance paid by the College.
According to the National Center for Education Statistics, “In accordance with the Higher Education Act of 1965 (HEA), as amended, as of October 29, 2011 each postsecondary institution that participates in the Title IV federal student aid programs is required to post a net price calculator on its Web site that uses institutional data to provide estimated net price information to current and prospective students and their families based on a student’s individual circumstances. This calculator should allow students to calculate an estimated net price of attendance at an institution (defined as cost of attendance minus grant and scholarship aid) based on what similar students paid in a previous year. The net price calculator is required for all Title IV institutions that enroll full-time, first-time degree- or certificate-seeking undergraduate students. Institutions may meet this requirement by using the U.S. Department of Education’s Net Price Calculator template or by developing their own customized calculator that includes, at a minimum, the same elements as the Department’s template.”
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