Why Net Price Calculators Are Hurting Middle-Income Families
Getting accurate Expected Family Contributions or EFC estimates are increasingly important to middle-income families trying to budget for college. Families, however, often ask me why the EFC estimates our office provides to them are coming in a lot higher than the estimates they are getting from their college net price calculators. So Why the Discrepancy? To increase transparency of the cost of college, in 2011, the Department of Education required that all colleges place Net Price Calculators on their websites so…