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How much does my family have to make for me to qualify for financial aid at Brown University?
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Total cost of attendance for an academic year at Brown is $52,030 (including tuition, room & board, fees, books, etc).
Financial aid is not based on how much your family does or doesn't make - it's based on how much they can contribute. The EFC is calculated based on the family’s income, assets, and other information as reported on the financial aid application materials and tax documents. Cost of Attendance - Expected Family Contribution = Financial Need. Since Brown meets 100% of a student’s demonstrated need, the financial aid award will be equal to the student’s need.
However Brown has a couple of special initiatives:
1) Families with total parent earnings less than $60,000 and assets less than $100,000 are not required to make a contribution toward the cost of education.
2) Families with total parent earnings less than $60,000 and assets greater than $100,000 have a significantly reduced contribution (contribution from assets only)
3) Undergraduate financial aid applicants with total parent incomes less than $100,000, at the time of admission, will not have a loan component in their awards. Students with family earnings above $100,000 will have moderate loans dependent on family total income level.
To learn more and to calculate your family's EFC (if you do not fall into the first category above): https://financialaid.brown.edu/cimages/08-09_Financing_Brn_Ed_Gude_UG.pdf
Financial aid is not based on how much your family does or doesn't make - it's based on how much they can contribute. The EFC is calculated based on the family’s income, assets, and other information as reported on the financial aid application materials and tax documents. Cost of Attendance - Expected Family Contribution = Financial Need. Since Brown meets 100% of a student’s demonstrated need, the financial aid award will be equal to the student’s need.
However Brown has a couple of special initiatives:
1) Families with total parent earnings less than $60,000 and assets less than $100,000 are not required to make a contribution toward the cost of education.
2) Families with total parent earnings less than $60,000 and assets greater than $100,000 have a significantly reduced contribution (contribution from assets only)
3) Undergraduate financial aid applicants with total parent incomes less than $100,000, at the time of admission, will not have a loan component in their awards. Students with family earnings above $100,000 will have moderate loans dependent on family total income level.
To learn more and to calculate your family's EFC (if you do not fall into the first category above): https://financialaid.brown.edu/cimages/08-09_Financing_Brn_Ed_Gude_UG.pdf
source(s):
https://financialaid.brown.edu/cimages/08-09_Financing_Brn_Ed_Gude_UG.pdf
https://financialaid.brown.edu/Cmx_Content.aspx?contentId=70&mode=0&...
https://financialaid.brown.edu/cimages/08-09_Financing_Brn_Ed_Gude_UG.pdf
https://financialaid.brown.edu/Cmx_Content.aspx?contentId=70&mode=0&...
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