Using the data that your family submitted to the College through the financial aid application process, we establish your family’s contribution and your eligibility for need-based funding.
Your family’s contribution (sum of parent and student contributions) is based on an institutional methodology that analyzes family income, assets, and other circumstances, and is the first consideration in determining need- based financial aid from the College.
Criteria Used in Determination:
- Income (adjusted gross income plus all untaxed income)
- Number of children/student’s sibling in college that are full-time undergraduates.
- Both biological or adoptive parents’ information as well as the custodial step-parents’ information, if relevant, in divorce situations.
- A minimum student earning contribution of $1,550 is expected in the first academic year then $2,150 for subsequent three academic years.
- The formula may assess stock losses or depreciation and similar income paper losses tied with S-corporation, LLCs, partnerships or sole proprietorships.
- Equity (value minus debt owed) in a family’s primary home of residence; up to 120% of total income.
Criteria Not Used in Determination:
- The value of tax sheltered retirement accounts
- A family’s consumer debt level, which includes, but is not limited to, credit card debt, automobile loans, prior student loans and home mortgage payments
- Private secondary school or graduate school tuition and expenses for siblings