'We have developed the first universal net price calculator that allows families to compare college pricing in a way they have never been able to before,' said Jimmy Becker, CEO, CostofLearning.com.
Boston, MA (PRWEB) April 23, 2014
CostofLearning.com officially launched today providing transparency into the often complex and confusing process of determining the true cost of college. CostofLearning.com features a proprietary universal net price calculator allowing users to immediately compare the net pricing of up to six colleges. The first of its kind, the CostofLearning.com web application (app) makes it easy for families to determine their true cost of college.
With CostofLearning.com, a user simply selects one or more colleges and a chart appears showing Expected Family Contribution on one axis and the net cost on the other. The free service requires no inputting of personal financial information or registration.
Founded by Jimmy Becker, an information industry veteran and a financial aid expert who saw a need for simplicity in the college financial process, CostofLearning.com aggregates multiple data sources and uses proprietary data analysis and modeling to ensure accurate results. Until now, these data sources have never been combined in such a visual and easy-to-use format.
“We have developed the first universal net price calculator that allows families to compare college pricing in a way they have never been able to before,” said Jimmy Becker, CEO, CostofLearning.com. “With CostofLearning.com, what used to be a slow, financially intrusive, and confusing process, is now fast, clear and simple. Most importantly, families get transparency into net pricing.”
With increasing student debt loads, families need more help than ever when making a college decision.
“CostofLearning.com helps families make better choices,” said Edward Walker, Founder and President, Independent Consultants of Education (I.C.E.), a consortium of educators devoted to helping individuals achieve higher education. “The difficulty of the process often stops families from looking at schools that may end up being affordable. CostofLearning.com can help them take a step toward identifying good options.”
“CostofLearning.com’s universal net price calculator reveals facts about schools that users may find surprising,” Rachel Okin, M. Ed, Founder of Okin College Match, and a college admission consultant. “Depending on a family’s financial status and state of residency, sometimes the college that a student expects to be the least expensive turns out not to be and vice versa. The CostofLearning.com web app is a great tool to help families realize there are colleges they may not have thought they could afford that they actually can. I recommend it as part of the college search process.”
In addition, users can adjust for out-of-state vs. in-state tuitions as well as find more in-depth information such as endowment size, admissions statistics, test scores, graduation rates and more.
Based in Boston, MA, Cost of Learning’s mission is to enable families to make well-informed financial decisions about the true cost of college. With CostofLearning.com, the company is bringing actionable, clear, and simple information to what is currently a challenging and stressful process for many families. College is too expensive and the financial aid system is too complex for most of families to easily navigate. CostofLearning.com is making it easy for families to determine their true net cost of college and compare those prices across a range of colleges. With this information, families can make better choices determining which college is best suited and most affordable for them.