Financial Aid, Simplified: A Better College Calculator

<p>Wellesley's net-price calculator is simpler than the typical one. As a result, most students who start using it finish the process, in a few minutes.</p>

<p><a href="http://www.nytimes.com/2014/11/13/upshot/financial-aid-simplified-a-better-college-calculator.html"&gt;http://www.nytimes.com/2014/11/13/upshot/financial-aid-simplified-a-better-college-calculator.html&lt;/a&gt;&lt;/p>

<p>Yes…but Wellesley’s NPC would be accurate for those wishing to know about Wellesley only!</p>

<p>I agree with Thumper. I do think that the feature that allows use of that NPC without checking in first is wonderful. I do wonder if student assets are taken into account at Wellesley. Usually student assets are hit far more heavily than parent’s. </p>

<p>Also, I wonder how well this works when there are divorced parents involved. Running the NPC twice, once with each parent’s financials does not often come up with numbers anywhere near close, from what I have seen in a number of situations. </p>

<p>But it is a good one to use on a trial basis, whether your student is applying to Wellesley or not, and you are trying to get some inkling of how a school that guarantees to meet full need and does not include student loans will calculate what is expected to be contributed.</p>

<p>Wellesley’s calculator is not unique in being relatively simple.</p>

<p>It still has that major weakness of not really predicting divorced parent situations, as @cptofthehouse pointed out. I think most schools factor in NCP income differently and simply adding two together wouldn’t reflect that, or the fact that a student can only get, say, one Pell Grant.</p>