Interesting "formula" for Financial Aid

Linda_S
Tue, 06 Nov 2007 10:56:23 +0000

We use what is known as a 40/200 rule to calculate the percentage of the TRB to be provided by the family. If the adjusted gross income (AGI) is between $40,000 and $200,000, we divide the AGI by 200,000 to determine the percent of the TRB to be borne by the family. This percentage may then be adjusted to take into account sibling college educational cost requirements at a rate of up to 10%.

Ok, so it’s the OTHER way around. You get the percent that the FAMILY pays by doing that math.