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What factors are considered in the calculation of expected family contribution?
We carefully analyze each family’s ﬁnancial information and calculate the family contribution based on federal and institutional methodologies. The formula that we use measures a family’s ability to contribute toward college costs and considers factors such as:
- Parents’ income
- Parents’ assets (cash, savings, home equity, other real estate and investments)
- Family size
- Number of children attending college
- Student’s income
- Student’s assets (cash, savings, trusts, and other investments)
On a case-by-case basis, we also evaluate a number of other circumstances, such as exceptional medical expenses.