HEOA Net Price Calculator Requirement: Implementation Issues Paula Bunce, IR Specialist Kathy Chung, Planner/Analyst Office of Institutional Research & Assessment Central Connecticut State University NEAIR Conference, Saratoga Springs, NY November 15, 2010

Overview Background Definition of Net Price Methodology Institutional Profile Implementation Findings Central Connecticut State University

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, 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) students 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:

Methodology Method I: Use Template from Dept. Edu Method II: Use Third-Party Calculator Method III: Customize alternative in house Method IV: Update a Current Calculator All methods must meet the minimum requirements. Please see the Net Price Calculator updates from NCES Central Connecticut State University

Institutional Profile Central Connecticut State University Public – part of Connecticut State Univ. System Carnegie 2005 Master’s-Larger Programs NCAA Division I School (Athletics Scholarship awarded 259) New Britain, CT (Hartford MSA: ~ 1.2 million pop.) CCSU uses Banner System Central Connecticut State University TotalUndergraduateFirst-time Full-time Headcounts ,0851,350 Residential17%21%57% Receive grants & scholarships 41%51%64% Paying In-state Tuition95%96%95% Paying Out-of-state Tuition5%4%5%

Implementation Steps CCSU chooses to use the template that provided by the Dept. of Education Create the html file from this website 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 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

Final Step: NetPriceCalculator.zip file Central Connecticut State University 10.

Overall Findings There 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

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 Central Connecticut State University In-districtOut-of-state EFC RangeOn-campusOff-campus not with family Off-campus with family On- campus Off-campus not with family Off-campus with family $15,001-20, ‡ $20,001-30, $30,001-40, ‡ ‡ >$40, ‡

Resources Net Price Calculator Requirement Net Price Calculator Template is available at AIR Net Price Calculator Resource Ctr. (Q&A Discussion Board Available) Central Connecticut State University

Questions Paula Bunce Kathy Chung Institutional Research & Assessment Central Connecticut State University Contact Information Central Connecticut State University