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Net Price Calculator
Provide cost transparency to your prospect students for better financial decisions
Net Price Calculator for Higher Education
For many students and parents, college enrollment decisions come down to cost. That’s why the federal government requires every college and university that offers federal student aid to have an online net price calculator.
Virtue Analytics helps colleges and universities to have net price calculators on their websites and allows students and their families to find the exact out-of-pocket cost after taking out the grants and scholarship amount from the total college cost.
Key Features & Benefits
Net Price Calculator helps increase Cost Transparency, Enrollment Yield, and NTR
Improve Lead Generation
Powerful lead generation and candidate insights provide valuable information driving actionable next steps for the students and the counselors
User Friendly Interface
Capture key pieces of information via an easy-to-use interface that can be completed within 60 seconds. Works on all devices and browsers.
Better Student/ Parent Engagement
When the real out-of-pocket cost is known, the students and their families engage more in the enrollment process.
Custom Timing Report
Set your custom timings like Daily, Weekly, Monthly, or any other custom time to get your reports. Never miss any opportunity.
Powerful Insights
Breakdown and gain insights from candidates leveraging easy to understand visuals and detailed reports.
Share NPC Report
Share it on demand with prospects along with your college marketing material.
Customized Solution
Get the customized NPC set up on your college website within 1 day. Support for multiple types of programing including Freshmen, Transfers and Online/Distance Leaners.
Increase in Enrollment Yield
When candidates have a positive and insightful experience using a Net Price Calculator they are more likely to apply and enroll at your institution and help you in improving the NTR.
Help Students in
Financial Planning
With clear transparency in the Cost of Attendance, Grant Money, and Out-of-pocket cost, families, and students can plan for their college financials.
Why do you need a
Net Price Calculator?
By providing customized student-specific estimates, NPC offers a more detailed and cost-transparent way of deciding which colleges they can afford.
- Gives the estimated cost of what they will pay for a particular college.
- NPC makes the comparison easier.
- Widen the choice of colleges so that the student can focus on enrollment instead of the sticker price.
- Helps to increase the leads and enrollment yield.
How to Start?
1. Schedule Your Demo
Book Your Free Demo to understand the key features and benefits of the Net Price Calculator.
2. Set Up the Platform
Customized platform based on your key metirces and fields.
3. Insights to your Goals
Clear recommendations that deliver results on all fronts, improve enrollment counts and NTR.
// CLIENT TESTIMONIALS
This is what our clients have to say about us
Jon F (CEO)
Sports Education
"Virtue Analytics tackled our difficult problem of understanding our current and future markets. They brought forth an extremely high quality of analysis and helped us achieve our goals with network modeling. They are a top-tier startup boutique consulting company and work with utmost sincerity and client dedication. We found them to be a team of hard-working, intelligent professionals, who went above and beyond on every aspect of the project. I will strongly recommend Virtue Analytics to other companies."
Dan M (VP, Enrollment Management)
Higher Education (4 year Undergrad)
"I am appreciative of Virtue Analytics for the exceptional job analysing and uncovering keen insights from a merit and need perspective that will influence our applicant review and decision-making process. The university and I are extremely grateful for the team’s analytics and modelling, we got more back from your analysis than we originally contracted for!"
Andrew E (Director IR)
Higher Education (4 Year - Undergrad)
"The leadership and team of data scientists at Virtue have been tremendous to work with from kickoff call to product delivery. They are innately curious, abundantly competent, and invariably cheerful. Their work has given us confidence in our own decision-making and revealed areas of necessary improvement. In large part due to their work, we’ve been able to increase our average net tuition revenue 11% over last year.."
FAQs
Why should my College use Net Price Calculator?
Higher Education Opportunity Act of 2008 mandates universities and colleges to inform students and their families about the net price of education. At Virtue, we leverage open-source information by the department of education and project student-specific cost of education which is way more detailed compared to the department of education’s net price calculator.
- Increase lead generation and student/ parent engagement.
- Make students and parents financially literate about the true cost of education
- Accurate projection of the estimated cost helps families plan their finances and mediates the drop-out rates due to financial difficulties
- University can use net price calculator as lead generation tool for prospective students as our data shows 23% who joined the college has used the net price calculator for financial planning.
- Fosters cost transparency, enrollment yield, on-time graduation rates, and ultimately the net tuition revenue of the college.
Why should my college choose Virtue's NPC?
- The adaptive survey questionnaire of our NPC requires minimal details to calculate the net price of education
- Interactive tool-tips helps students to understand the financial jargon required for calculating net cost
- Interactive and eye-catching aesthetics along with the above two points lead to a higher completion rate which is in the range of (~71%) for our existing clients.
- Downloadable price projections and payment plans help students and their families to search for the best financing plan for their students
- Colleges retain the ownership of the student data and can use it for devising the student outreach programs
- Data servers of the calculators are located in the home country of the institution
- All our calculators are WCAG compliant and offer 24X7 technical support.
- Our agile development environment helps us keep as the best on the cost-benefit frontier among all the available alternatives in the market.
How long is the onboarding process for Virtue's NPC?
We target a 4-week timeline for the net price calculator right from ideation to deployment. Our agile methodology and cross-time zone presence help the development process go 24X7.
Are there specific requirements to use Virtue's NPC?
Our calculators are based on the cloud and can be easily integrated with the college website.
Will the data from NPC be protected?
Virtue Analytics promises top-notch privacy protection to its clients and users. The data collected from the students are stored in disparate data silos and cannot be replicated or misused by any third party unlike the free net price calculators available elsewhere, which indulge in the misuse of the student’s data. Virtue stands for its professional ethics, which ensures the total security of its user's data.
Virtue complies with the Privacy Act of 1974 as well as the Federal Trade Commission Act which establishes a code of fair information practices that governs the collection, maintenance, use, and dissemination of information about individuals that is maintained in systems of records by federal agencies in the US.
Will the NPC be same for each College/ Universities?
No, we have a unique net price calculator for each of our clients and we store students’ data in segregated silos. We also use customized themes for each of our clients which is consistent with their website design.
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