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College and University Discussion
Reply to "Why is the NPC calculated parent contribution higher than the net price?"
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[quote=Anonymous][quote=Anonymous]My husband completed the NPC and added extra zeros on value of the house. It said it expected 40 K more than the cost of the school and board etc. I am guessing it is doing this in case the cost of school skyrockets while the kid is in school - perhaps on the 8 year plan, instead of completing in 4 years - but that is just a guess. Was surprised to see it- mostly because it didn't make sense based on running the numbers previously when it didn't thing we had the biggest, most expensive house in the neighborhood. [/quote] No, the calculator just runs in three steps. First, it figures out how much they think you could afford to pay. Then it compares that number to the cost of attendance. If the amount you can pay is less than the COA it makes a plan. The number is just the answer to the first question. So, they aren't saying "you would pay this much here". They are just saying "you won't qualify for aid until you hit this number". Some schools still consider other siblings, so it might be a total figure you could pay for all your kids. [/quote]
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