Net Price Calculator (NPC)
The Net Price Calculator (NPC) falls under a provision of the Higher Education Opportunity Act. This states that colleges have until August, 2011 to have a Net Price Calculator NPC (also know as a Financial Needs Calculator or Financial Aid Calculator) in place on their website. The goal of the NPC software is to allow prospective students to estimate their expenses at your school or institution. SimpleApply can help you fill this government requirement as well as more complex calculations based on your institutional needs and even host the site for you.
The SimpleApply Net Price Calculator is capable of being customized to work with both the FM (Federal Methodology) as well as IM (Institutional Methodology). By default however, the software is best practice ready to satisfy the FM in anticipation of the recent mandate and can be up and live to the world in a matter of weeks.
It is important to keep in mind that the U.S. Department of Education provided template is NOT Section 508 compliant. For more information on this topic, please see the following blog post.