5/8/2023 0 Comments Scripps college average actIn addition to a parent contribution, each student’s personal income and assets are considered in determining a student contribution toward educational expenses. If a student’s biological or adoptive parents are divorced from each other, but either have remarried, they should be sure to include stepparent information on the FAFSA and/or CSS Profile applications. Part of the remaining income and assets is considered to be available for current college expenses. Our analysis protects a portion of the family’s assets as allowances for emergencies and educational savings. Our need analysis allows for necessary family expenditures such as taxes, reasonable living costs (if you live in a more expensive area we have greater allowances for cost of living), educational savings for siblings and unusual medical expenses. extenuating family circumstances (such as illness or loss of employment).parents’ income (including all forms of taxed and non-taxed income) and assets (including home equity, business equity, but not retirement accounts).number of dependent children enrolled at least half-time in undergraduate degree programs.Parent Contributions (custodial parents and noncustodial parents) Estimated Family Contributions may be made up from a custodial parent contribution, a noncustodial parent contribution, and a student contribution. We believe that this method of need analysis most accurately determines a family’s ability to pay for college. Institutional Methodology includes several forms of income, asset, and expense elements not considered under Federal Methodology. Institutional Methodology (IM) is a formula developed by the College Board used by over 400 colleges and universities in awarding institutional financial aid. FM excludes some forms of income and expenses, and eliminates some assets from consideration, when calculating the EFC. The federal Estimated Family Contribution (EFC) is determined from the data provided on the Free Application for Federal Student Aid (FAFSA) and verified using data from federal tax returns and other supplemental documents. Scripps College uses both Federal Methodology(FM) and Institutional Methodology(IM) to determine your EFC.įederal Methodology (FM) is the formula used to determine eligibility for the Federal Pell Grant, Federal Direct Loans, Federal Work-Study, and state scholarship programs such as the Cal Grant. Scripps College Office of Financial Aid determines the family contribution by carefully reviewing each family’s financial aid applications including the FAFSA and CSS Profile forms, along with parent and student tax returns and supporting documentation. For the 2022-2023 academic year, the SHIP premium was $2,868.Īverage federal student loan fees will be added to the cost of attendance for financial aid for those students who borrow federal student loans. The Claremont College Student Health Insurance Plan (SHIP) is not included total above, but may be added to your cost of attendance upon your request. **The transportation allowance vary by student based on the geographic location of their permanent residence. Financial aid will not be changed if you choose a plan with fewer meals or waive out of the meal plan entirely. *The allowance for food reflects the cost of the optional 19-meal plan that with flex dollars covers the cost of 3-meals per day. Normally, the Board of Trustees will establish the rate of tuition and fees and room and board for the upcoming academic year in their March meeting.Įstimated 2023-2024 costs for full-time, degree-seeking, residential students (on-campus or off-campus and not with parents): Tuition Please note that the estimated cost of attendance changes each academic year. Cost of Attendance:Įducational expenses for the academic year include actual charges for tuition, standard fees, room, board, and an estimated allowance for books and supplies, transportation, and personal expenses, including average fees associated with federal student loans. Scripps College meets 100 percent of this demonstrated need for all admitted students who meet all eligibility criteria and established application deadlines. Financial aid at Scripps College is awarded on the basis of demonstrated financial need, which is the difference between the costs of attendance and the amount your family is expected to pay (your expected family contribution, or EFC).
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