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FINANCIAL AID CALCULATOR
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Try it out and then
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delete information in the highlighted cells ONLYMYAC awards up to 90% of tuition based on need (large ensembles only)
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INCOME:NOTES:
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*Use 1040 Line 10, Taxable Income120,000Max 50%
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From Income Tax Return:
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number of dependents (*kids + parents):1.00Max 5%
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size of household (incl. any extended family):31
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ASSETS:
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Cash/savings/checking:100,000
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Home equity (RE minus Mortgage Bal):100,000
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Stocks/Bonds:1000
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Other Investments:0
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Total Assets:201,000Max 5%
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Make, Year of car:
Volvo 2016, Kia 2019, Chrysler 2006
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MONTHLY EXPENSES - NOT yearly:
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Rent/Mortgage:2000
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Property Taxes1,000.00
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Utilities: Electricity, Gas, Water, Garbage, Internet/Cable, etc.300
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Phones100
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Car Payments/insurance:200
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Auto expenses/Gasoline:100
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Groceries:750
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Parent Student Education Loans:0
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Out of Pocket Medical Insurance:650
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Special Medical expenses:0
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Dental expenses:100
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Other Insurance:0
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Private Lessons:0.00
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Out of Pocket College/University Tuitiion for older siblings:
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Home equity loan:0
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Credit Card bills [not on FA form; much would be in other categories]:3000
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TOTAL:$8,200.00
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Adjusted Monthly Available Income (Household):-$200.00Max 20%22400
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20%
If calc. < 0 add 20% on this row
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(Note: Calculator doesn't do this.)
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TUITION TOTAL (Summer and/or Yearly Tuition)1600Max 10%
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Anticipated % deducted from tuition invoice:Form calc max: 90%
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CALCULATED SUGGESTED TUITION AMOUNT:
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Note: This calculator is meant to give you a transparent idea of what your family could qualify for. We encourage you to go ahead and fill out a financial aid application.
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