Reply to What Top 30 colleges give most aid to 250k families...

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I don’t know guys. My DD was not Ivy material but she really loved Syracuse. I ran the net price calculator before she applied and they included a “Syracuse gift” (not merit, not FA) of about 30k so I let her apply. She got in and got absolutely nothing. [/quote]

They included it, or listed that it she was possibly eligible to win?

If it was genuinely included, you should take that printout or screenshot and send it to them informing them they violated federal law and see if they want to fix it immediately.[/quote]

Can it be considered a violation of federal law if it’s just a net price calculator?  I can’t imagine that estimate is set in stone. [/quote]

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.

Minimum Required Elements
Institutions that choose to customize or build their own net price calculator must include, at a minimum, the following input and output elements:

Input elements must include:

Data elements to approximate the student's Expected Family Contribution (EFC), such as income, number in family, and dependency status or factors that estimate dependency status*
*An institution may use either Federal Methodology or Institutional Methodology to approximate the student's EFC.

Output elements must include:

Estimated total cost of attendance;
Estimated tuition and fees;
Estimated room and board;
Estimated books and supplies;
Estimated other expenses (personal expenses, transportation, etc.);
Estimated total grant aid;
Estimated net price;
Percent of the cohort (full-time, first-time students) that received grant aid; and
Caveats and disclaimers, as indicated in the HEA.[/quote]

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