SAMPLE FINANCIAL AID AWARDS
 This Texas student is the eldest of three children. The father earns $55,000, and the mother is at home. They have little home equity or savings. |
|
| Total Budget:
(including $1,150 or travel and $2,000 for books and personal expenses.) |
$45,800 |
| Resources: | |
| Parental Contribution | $3,600 |
| Student Savings | 0 |
| Minimum Student Earnings | 600 |
| Total Family Contribution | 4,200 |
| Financial Need | $41,600 |
| Financial Aid Award: | |
| Scholarships & Grants | $40,050 |
| Campus Job | 1,550 |
| Total Financial Aid Award | $41,600 |
 One of four children, this Massachusetts student has saved $2,000. Together, the parents earn $112,000. They have $85,000 equity in their home and savings of $5,000. A brother attends a state college. |
|
| Total Budget:
(including $100 Travel and $2,000 for books and personal expenses.) |
$44,750 |
| Resources: | |
| Parental Contribution | $9,000 |
| Student Savings | 500 |
| Minimum Student Earnings | 1,250 |
| Total Family Contribution | 10,750 |
| Financial Need | $34,000 |
| Financial Aid Award: | |
| Scholarships & Grants | $32,450 |
| Campus Job | 1,550 |
| Total Financial Aid Award | $34,000 |
 This New York City student is one of two children of a single parent whose income is $16,000. The family does not own a home or have much savings. |
|
| Total Budget:
(including $150 Travel and $2,000 for books and personal expenses.) |
$48,800 |
| Resources: | |
| Parental Contribution | $0 |
| Student Savings | 0 |
| Minimum Student Earnings | 600 |
| Total Family Contribution | 600 |
| Financial Need | $44,200 |
| Financial Aid Award: | |
| Scholarships & Grants | $42,650 |
| Campus Job | 1,550 |
| Total Financial Aid Award | $44,200 |
 This student is from a California family of four. The parents pay $8,000 in private school tuition for a younger sister. The family has income of $136,000, $100,000 in home equity, and $15,000 in savings. The student has $500 in savings. |
|
| Total Budget:
(including $1,200 Travel and $2,000 for books and personal expenses.) |
$45,850 |
| Resources: | |
| Parental Contribution | $23,000 |
| Student Savings | 125 |
| Minimum Student Earnings | 1,250 |
| Total Family Contribution | 24,375 |
| Financial Need | $21,475 |
| Financial Aid Award: | |
| Scholarships & Grants | $19,925 |
| Campus Job | 1,550 |
| Total Financial Aid Award | $21,475 |
FINANCIAL AID AWARDED BY PARENT INCOME
(admitted Class of 2011)*
| Parent Income | Admitted applicants who applied for aid | Number who demostrated need | Number whose award met 100% of their need | Average total award ** | Average grant *** | Range of awards |
|---|---|---|---|---|---|---|
| $0-$24,999 | 35 | 34 | 34 | $43,732 | $42,182 | $1,550-$49,751 |
| $25,000-$49,999 | 98 | 95 | 95 | $44,672 | $43,122 | $1,550-$51,488 |
| $50,000-$74,999 | 98 | 93 | 93 | $38,439 | $36,889 | $1,550-$49,139 |
| $75,000-$99,999 | 90 | 88 | 88 | $32,330 | $30,780 | $1,550-$45,851 |
| $100,000-$124,999 | 86 | 77 | 77 | $28,642 | $27,092 | $1,550-$46,101 |
| $125,000+ | 258 | 112 | 112 | $17,854 | $16,304 | $1,550-$42,021 |
| Totals/Averages | 665 | 499 | 499 | $35,100 | $33,450 | $1,550-$47,800 |
|
*This table reflects averages by income level only, including nontaxable income. The size of an award is also affected by family size, number in college, family assets, and other considerations. Those eligible at higher income levels usually have more than one child in college. International applicants are not included in these figures. **Includes job and grants. ***Includes grant aid from institutional, federal, state, and other sources. |
||||||