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Each financial aid application file is given
a personal review by experienced staff in Student Financial Services. In addition
to submitting the required documentation, you are welcome to include any information
you feel will help us understand your family's financial status. Remember to complete
your admission application, since only accepted students can receive a financial
aid decision. Three steps are used in documenting your level of financial need.
Calculating the family contribution
Student Financial Services evaluates each student's application using federal and
institutional methodologies to assess her family's financial resources. During
the review, attention is given to individual family circumstances. Standard factors
involved in the review include income, assets, family size, the number of family
members in college, unreimbursed medical expenses, taxes paid and tuition for siblings
in elementary/secondary school. Staff will determine what each family is expected
to contribute toward the student's annual educational expenses following the appropriate
federal and college policies.
Determining the cost of attendance
An educational expense budget is calculated for each student. Tuition, fees, room
and board and standard allowances for books, supplies, personal expenses and travel
are included.
Financial need
The difference between the cost of attendance and the calculated family contribution
is the student's documented financial need. |
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