CMC 5. Student Employment When will I receive my financial aid award Claremont Freshman Financial Aid Statistics Admission and Financial Aid Staff At CMC, earnings from work are expected to help pay notification? Claremont McKenna College students come for your education during the year. This is classified Richard C. Vos All new students must adhere to the published deadlines from very diverse backgrounds. Consequently, under the heading of “self-help’’ by most universities Vice President and Dean of Admission and Financial Aid (See When and How do I apply?). If you submit your mCKenna the institution provides financial assistance to and colleges. financial aid application materials on time, you will receive Georgette R. DeVeres students who come from a variety of income Federal Work-Study (FWS) enables students to Associate Vice President for Admission and Financial Aid a financial aid notification within a few days of your backgrounds. This includes students who have earn part of their financial aid award through part-time admission letter in early April. Abby Parsons College very limited resources as well as students who employment. FWS is a federally-funded program that Senior Associate Director of Financial Aid have substantially more resources, but still provides an opportunity to gain work experience while Germaine Graham If I am an early decision candidate, when will need assistance to meet the educational costs. attending CMC. Associate Director of Financial Aid I receive my financial aid package? Hence, family income ranges vary for students CMC Student Employment is funded by the College If you submit your application material on time, you will who qualify for need-based financial aid. Catherine M. Mayfield and is available to all students regardless of financial need. Financial Aid Office Advisor & Work-Study Coordinator receive a “preliminary” financial aid award soon after you YEAR 2009-10 receive a letter of admission (See When and How do I Total # Students Offered College Grants 290 Victoria A. Romero How do I pay my college bill? Director of Admission apply?). If you are admitted as an early decision candidate, C L A R E M O N T, C A L I F O R N I A Average Parental Contribution $18,700 Average Need $35,098 The college bill for the 2009-10 year is approximately you will not be required to make your admission decision Jennifer Sandoval until you have received and reviewed your financial aid $51,035. This is the amount due without financial aid. Associate Dean of Admission Applicant Profile 2009-10 package. However, it is important that you subsequently OPTION I—Payment in Full Adam Miller FAMILY INCOME STUDENTS PACKAGE RANGES provide accurate and official information as soon as • Payment by August 20, 2009 for the fall semester. Assistant Dean of Admission $0-$5,999 3 $36,384 - $51,384 possible to finalize your award. • Payment by January 20, 2010 for the spring semester. $6,000-$11,999 5 $42,984 - $51,384 Matthew Burris • A 1% late fee will be charged on all delinquent accounts. $12,000-$17,999 9 $15,886 - $53,884 Admission Counselor Is my financial aid renewable? $18,000-$23,999 4 $46,534 - $52,828 OPTION II - Monthly Payment Plan $24,000-$29,999 11 $46,075 - $51,534 Brandon Gonzalez Students must re-apply for financial aid each year. Changes • There are four monthly payments for each semester. Admission Counselor $30,000-$34,999 7 $33,501 - $52,079 to the cost of attendance as well as changes in your family’s • There is a $100.00 per-semester service charge for $35,000-$39,999 13 $42,203 - $52,384 Evan Rutter financial circumstances can affect your eligibility each year. $40,000-$44,999 5 $45,925 - $52,384 this plan. Admission Counselor Whenever possible, CMC strives to maintain student award $45,000-$49,999 7 $29,322 - $53,884 • The first installment is due on or before August 20, 2009. levels from year to year while working within federal, state, $50,000-$54,999 14 $8,700 - $51,039 • An installment is due every month. The Fall semester $55,000-$59,999 5 $14,274 - $49,604 and institutional policies and regulations. due dates are: Aug. 20, Sept. 20, Oct. 20, Nov. 20, 2009. $60,000-$64,999 5 $47,694 - $52,354 • The Spring due dates are: Jan. 20, Feb. 20, March 20, $65,000-$69,999 7 $27,297 - $48,249 Is financial aid available for transfer students? $70,000-$74,999 8 $23,392 - $48,857 April 20, 2010. $75,000-$79,999 12 $9,500 - $52,384 • A 1% late fee will be charged on all delinquent accounts Yes, see When and How do I apply? $80,000-$84,999 7 $25,830 - $45,717 $85,000-$89,999 8 $19,948 - $46,152 Whom should I contact if I have more How are outside scholarships handled? $90,000-$99,999 11 $31,311 - $46,615 questions? $100,000-$109,999 26 $13,034 - $46,408 Grant funds will be adjusted if the amount of the outside $110,000-$119,999 6 $19,209 - $40,823 Please feel free to contact any of our admission and financial scholarship(s) plus the CMC financial aid award exceeds $120,000-$129,999 18 $17,684 - $39,466 aid staff. demonstrated financial need. $130,000-$139,999 14 $3,553 - $39,234 • email@example.com $140,000-$149,999 9 $14,994 - $44,664 • firstname.lastname@example.org $150,000-$159,999 12 $12,790 - $36,593 What is the average financial aid package? $160,000-$169,999 8 $7,000 - $29,482 Claremont McKenna College students come from very $170,000-$179,999 18 $8,566 - $34,754 diverse backgrounds. Consequently, CMC provides $180,000-$189,999 6 $8,804 - $19,987 $190,000-$199,999 6 $7,000 - $38,614 financial assistance to students who come from a variety $200,000-$229,999 8 $6,458 - $40,275 of income situations as it may pertain to household size, $230,000-$249,999 2 $4,629 - $8,200 number of siblings enrolled in college and sometimes a guide to $250,000 + ABOVE 16 $6,692 - $38,275 other unique circumstances. This includes students who Office of Admission and Financial Aid Please note that the above average package have very limited resources as well as students who have 500 E. Ninth Street substantially more resources but still need assistance to FinanCial aid figures are reflective of our financial aid re- cipients as a group. Institutional aid eligibil- meet educational costs. Hence, family income ranges vary Claremont, California 91711-6425 ity will vary depending on size of household, for students who qualify for need-based financial aid (909) 621-8356 number in college, and family assets. (See Freshman Financial Aid Statistics). 6700-07-09 2010–2011 email@example.com Is CMC “Need-Blind”? FEB. You may submit copies of your 2008 tax docu- How do you determine my student Claremont McKenna College (CMC) is Yes, our admission policy is “need-blind,” based solely on ments directly to the Financial Aid Office if 2009 Loans contribution? committed to meeting the full need of your academic record, personal achievements, talent, and are not available. However, you must still submit Your family contribution includes a contribution from you Non-need based loans, such all admitted students. This information potential as a CMC student. Your family’s financial situation is copies of your and your parent(s) 2009 income as Unsubsidized Stafford loans or the student. The student contribution is determined by the is designed to help you learn how you not considered and has no bearing on your admission decision. tax return to IDOC as soon as possible or no later than March 1 to complete the evaluation of your PlUS loans, are still available to greater of: can meet the expense at CMC. families who qualify for them. What does it cost to attend CMC? final award. A minimum of $1,650–$2,250 (according to grade level) The direct costs for the 2009-2010 academic year are: loans may be an option for families or CMC coordinates a comprehensive MAR. Transfer applicants must submit their completed Tuition 38,275 PROFILE financial aid application to CSS and their needing to fulfill the family contribu- 50% of your total income (minus standard allowances) financial aid program consisting of tion portion of the cost of education, scholarships, grants, loans, and term- Fees (Student Body) 235 FAFSA to the federal processor by Mar. 1. Parent Contribution + Student Contribution = Family Contribution Room (double) 6,470 but the student financial aid package time employment. These are made MAY Reply date for admitted freshmen is May 1. Board (16-meal, $160-flex plan) 6,055 will include only grant and gift aid. possible through funding from state JUNE Reply date for admitted transfers is June 1. What type of financing can I receive based Comprehensive Fee $51,035 Federal Stafford Loans and federal programs, CMC resources, Estimated Personal Expenses (includes books) 2,000 on my financial need? and various other sources. (subsidized and unsubsidized) are Total Student Cost at CMC $53,035 NOTE TO EARLY DECISION CANDIDATES: You must reg- 1. College Scholarships and Grants loans made available by banks, ister and submit your CSS PROFILE application as follows: Claremont McKenna College Scholarships and Grants All candidates admitted to CMC How can I afford CMC? credit unions, savings and loan EARly DECISION I EARly DECISION II associations, or other lenders. are derived from gifts and endowments given to CMC by (freshmen and transfers) who have CMC’s substantial endowment allows the College to be need- individuals or organizations for scholarship purposes. Ad- financial need are awarded 100% blind, to meet the full need of all eligible students and to be Complete/Submit to CSS Dec. 1 Jan. 1 Federal Perkins Loans are offered ditional applications are not necessary for these funds. of the financial aid they need. relatively generous in the ways that need is met. by CMC from funds obtained from Your completed FAFSA should be mailed to the federal the federal government and from 2. Federal Grants Does CMC offer academic scholarships? processor by Feb. 1. Federal Supplemental Educational Opportunity A WORD ON NO LOAN former CMC students who are in Although CMC’s financial aid program is primarily need- the process of repaying their loans. Grants (SEOG) are awarded to CMC from the federal IMPORTANT: Be sure to indicate Claremont McKenna based, we also offer academic scholarships. Eligibility is based on need. government to aid students with financial need as defined CMC’s no-packaged-loan policy replaces College’s correct code numbers in the appropriate sec- loans with grants for students who have by federal regulations. When and How do I apply? tions on both financial aid application forms. Federal PLUS Loans are loans financial need. This policy takes our long- for eligible borrowers. Parents may Federal Pell Grants are direct grants from the federal You must complete the Free Application for Federal Student CSS PROFILE Registration Form 4054 standing need-blind admission process a borrow on behalf of their dependent government to students. This program was designed to Aid (FAFSA) and the College Scholarship Service (CSS) FAFSA 001170 step further and reinforces the College’s undergraduate daughter or son provide a floor upon which other financial aid is built. PROFILE financial aid application to apply for financial aid. belief that all qualified students should WHEN HOW enrolled at least half-time at CMC. 3. Grants Awarded by the State of California be able to attend CMC regardless of SEPT. Begin collecting financial aid information from your How do you determine financial need? The California Student Aid Commission (CSAC) awards Claremont McKenna College financial circumstances. high school counselor or CMC’s Financial Aid Office. In order to qualify for financial aid you must show “financial Cal Grants on the basis of academic achievement and Loans are funds from many sources You can register starting Sept. 15 for your CSS need.” and are used when necessary to sup- financial need. CMC requires all students who are PROFILE application in order to receive your CMC Scholarships California residents seeking financial assistance to Determination of Financial Need plement the federal loan programs 2010–11 customized PROFILE financial aid apply for a Cal Grant. To be considered for a Cal Grant, application packet. You can register at College yEARly for students who do not qualify for COST AT CMC FAMILY CONTRIBUTION you must submit a GPA Verification Form that has been Board Online (www.collegeboard.org). NAME NUMBER AMOUNT other educational loan programs. certified by a high school or college official no later than DEC. Obtain your Personal Identification Number in Seaver 5 Full Tuition Tuition & Fees, The amount that you yOUR Alternative Student Loan March 2, 2010 to CSAC. Forms may be obtained at your order to electronically sign your Free Application for Room & Board, – and your parents should = FINANCIAl Programs are loans from lenders high school or college. Interdisciplinary Federal Student Aid (FAFSA) at www.pin.ed.gov. Your Personal & be able to contribute NEED to help families meet their contribu- Science Cal Grant A is awarded to needy undergraduate students parents or legal guardian completing the FAFSA form Transportation tion. Interest rates and fees vary but Scholarship 13 Full Tuition for use at an approved California college or university. It will also need a PIN. are very competitive. JAN. Your customized PROFILE financial aid application McKenna is renewable for four years. How do you determine my family packet must be returned to CSS by Feb. 1. You need to Achievement 15 $10,000 Cal Grant B is awarded to students from economically contribution? complete and transmit or mail the FAFSA to the federal National $1,000 & disadvantaged backgrounds. processor by Feb. 1. You may begin completing your Merit Varies $2,000 In order to qualify for financial aid, your financial need 4. Other State Awards FAFSA at www.fafsa.ed.gov. (school code 001170) ROTC Varies Varies must be determined through the criteria established by an States such as Pennsylvania, Vermont, and Rhode Island FEB. You must submit signed copies of your parent(s) approved “need analysis” formula. This formula estimates offer grants that can be used to attend CMC. Students are and your U.S. income tax return(s) for 2009 to the Each type of scholarship is awarded the amount both you and your family should be able to strongly encouraged to explore their eligibility for state College Board’s document imaging service IDOC to yearly. All scholarships are four-year contribute toward your education, based on information grants. begin the evaluation of your financial aid eligibility. renewable, except for the ROTC you report on your CSS PROFILE and FAFSA. CMC uses a You can visit the IDOC website at http://idoc.colleg- Scholarship which is two-, three-, more in-depth formula to establish family contributions eboard.com for more information. or four-year renewable. for institutional aid eligibility.