HEOA Net Price Calculator Requirement: Implementation Issues Paula Bunce, IR Specialist Kathy Chung, Planner/Analyst Office of Institutional Research &

HEOA Net Price Calculator

Requirement: Implementation Issues

Paula Bunce, IR SpecialistKathy Chung, Planner/Analyst

Office of Institutional Research & AssessmentCentral Connecticut State University

NEAIR Conference, Saratoga Springs, NYNovember 15, 2010

Central Connecticut State University

OverviewBackground

Definition of Net Price

Methodology

Institutional Profile

Implementation

Findings

Background Higher Education Opportunity Act (HEOA) requires each

postsecondary institution that participates in Title IV federal student aid programs must post a Net Price Calculator on its website by October 29, 2011.

Institutions will be required to report a URL for the location of the net price calculator on the institutional website as part of reporting to IPEDS. (Required maximum 3 clicks to the website)

U.S. Department of Education make available a Net Price Calculator Template. Institution may also chooses to develop its own.

Purpose of Net Price Calculator

Definition of Net Price (see formula on next slide)

Central Connecticut State University

Definition of Net Price

Central Connecticut State University

Institution’s

price of attendance for First-time, Full-time

(FTFT) student

s

Total need- and merit-based federal, state, and

institutional grant aid awarded to FTFT students

Number of FTFT students

receiving such aid

Price of attendance = average annual cost of

tuition and fees, room and board, books, supplies,

and transportation Source: http://www.airweb.org/page.asp?page=2114

Central Connecticut State University

Methodology Method I: Use Template from Dept. EduMethod II: Use Third-Party CalculatorMethod III: Customize alternative in

houseMethod IV: Update a Current Calculator

All methods must meet the minimum requirements. Please see the Net Price Calculator updates from NCES http://nces.ed.gov/ipeds/resource/net_price_calculator.asp

Central Connecticut State University

Institutional ProfileCentral Connecticut State UniversityPublic – part of Connecticut State Univ. SystemCarnegie 2005 Master’s-Larger ProgramsNCAA Division I School (Athletics Scholarship

awarded 259)New Britain, CT (Hartford MSA: ~ 1.2 million

pop.)CCSU uses Banner System

Total Undergraduate

First-time Full-time

Headcounts 12477

10,085 1,350

Residential 17% 21% 57%

Receive grants & scholarships

41% 51% 64%

Paying In-state Tuition

95% 96% 95%

Paying Out-of-state Tuition

5% 4% 5%

Central Connecticut State University

Implementation StepsCCSU chooses to use the

template that provided by the Dept. of Education

Create the html file from this website http://npc.inovas.net/institution/

Step by step to walk through the screens

Central Connecticut State University

Step 1:

1.

Central Connecticut State University

2.

Central Connecticut State University

3.

Central Connecticut State University

From IPEDS

4.

Central Connecticut State University

2008-09

IPEDS

5.

Central Connecticut State University

Less than 3

counts, leave the

cell blank

6.Fall 2008 and Spring 2009 Unduplicated Headcounts

Use this as an example in Hyperion

Central Connecticut State University

Banner Tables: Rprawrd and Rfrbase

Central Connecticut State University

Banner Tables: Rorstat and Rtvbgrp

Central Connecticut State University

- Example on finding data for the On-Campus column- Use median amount- Exclude private source grant and scholarship aid- If count is less than 3, then leave the cell blank in NPC template

Less than 3

Central Connecticut State University

Less than 3

counts, leave the

cell blank

6.Fall 2008 and Spring 2009 Unduplicated Headcounts

Data from Hyperion entered here

Central Connecticut State University

7.

Central Connecticut State University

8. Review the data

that you have entered

Central Connecticut State University

9.

Review the data that you have

entered

Central Connecticut State University

Final Step: NetPriceCalculator.zip file

10.

Central Connecticut State University

Overall FindingsThere is a big difference on the end

result of Net Price between including athletics aids and excluding athletics aids in the NPC template.

Comparison of Net Price Calculator Results for End-user (with and without the use of athletics aids in NPC template).

Central Connecticut State University

Comparison of Net Price Calculator Results for End-user

With Athletics Aid in NPC Template

Without Athletics Aid in NPC Template

Central Connecticut State University

User enters data to the Net Price Calculator (This template was created with athletics aids)

Central Connecticut State University

With Athletics Aids in NPC Template

Central Connecticut State University

User enters data to the Net Price Calculator (This template was created without athletics aids)

Central Connecticut State University

Without Athletics Aids in NPC Template

Central Connecticut State University

Overall Findings Medians across EFC ranges were fixed to be evenly distributed.

(Table 2: Grants and Scholarships for FTFT)

CCSU has 31 FTFT students with NO FAFSA records in Banner. This group needs to be further research and identify them in the Non-FAFSA filers/Unknown EFC item.◦ For example: check residency, tuition, housing

Identify parties involved in the process◦ Financial Aid Office◦ Admissions Office◦ Information Technology Services ◦ Marketing & Communication Office

In-district Out-of-state

EFC Range On-campus

Off-campus not with family

Off-campus with family

On-campus

Off-campus not with family

Off-campus with family

$15,001-20,000

1000 1166 ‡ 2000 2000

1000 0 0

$20,001-30,000

2757 2000

500 2761 2000

500 0 0

$30,001-40,000

3521 2000

0 ‡ 3775 2000

0 ‡ 0 ‡ 0 ‡

>$40,000 2000 2000

0 ‡ 0 ‡ 0 ‡ 0 ‡ 0 ‡

Central Connecticut State University

ResourcesNet Price Calculator Requirement

http://nces.ed.gov/ipeds/resource/net_price_calculator.asp

Net Price Calculator Template is available at http://npc.inovas.net/institution/

AIR Net Price Calculator Resource Ctr. http://www.airweb.org/page.asp?page=2106 (Q&A Discussion Board Available)

Central Connecticut State University

Questions

Paula Bunce [email protected] Chung [email protected] Research & AssessmentCentral Connecticut State University

Contact Information