Did you meet the deadline?
In response to recent Federal regulations requiring university websites to include Net Price Calculators, TruAssurance, a leading compliance consulting and solutions company, announced a new industry-specific web service for higher education today with Web2Vault.
Like many Federal regulations in other industries, the requirements for specific disclosures made on an institution’s website also includes the requirement to show compliance. TruAssurance launched its Web2Vault web-service for the higher education market with the ability for universities and other higher education institutions to capture and archive their University Net Price Calculator websites – establishing a clear history of compliance with the Federal Department of Education mandate.
The Net Price Calculator is an application that will allow a prospective student to include all the tuition and associated fees for an institution to calculate a true price for attendance. The recently passed regulations required this calculator to appear on the websites of all post-secondary institutions offering first year full-time student education by October 29, 2011.