A Note to the Higher Education Community

On August 14, 2008, The Higher Education Opportunity Act (Public Law 110-315) (HEOA) was enacted.

Postsecondary institutions in the United States that participate in Title IV student aid programs will be required to update and change many of its business practices or risk losing revenue that many rely on to keep the doors open.

One of many changes that will be going into effect on October 29th, 2011 is the Postsecondary institutions participating in Title IV will be required to post a net price calculator to their web site. It’s fortunate that there will be help from the National Center for Education Statistics in cooperation with the Office of Postsecondary Education and IT Innovative Solutions Corporation. They have developed a net price calculator available to all Title IV institutions. The template is available to for review at: http://npc.inovas.net/institution/.

I would advise all postsecondary schools to keep a vigilant eye on the details of the (HEOA) as many changes will be required. The U.S. Department of Education web site: http://www2.ed.gov/policy/highered/leg/hea08/index.html. I have found to be the best place for updates on this complicated Act.

If you have additional questions, please feel free to contact me.

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