Daniel de Vise, blogging in The Washington Post at College Inc., stated the following:
"All colleges will be required to post a 'net price calculator' on their web sites by fall 2011. 'Net price' is what a student actually pays to attend, after subtracting discounts and grant aid from the sticker price."
In addition, de Vise quoted Jeff Whorley, President of StudentAid.com, as follows: "Net price is sticker price minus merit and need-based grants. Up-front, out-of-pocket cost is the net price minus work-study and government loans."
Calculate the net price of a college you are interested in and determine your "up-front, out-of-pocket cost" to make certain you can afford to attend.
To read a report, released by The College Board in mid-September of 2010, on "discounting" (i.e., reducing tuition/fees through merit scholarships) by both private and public colleges, click on this link:
http://www.insidehighered.com/news/2010/09/15/discounting
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