Questions on financial aid

CDad
Tue, 27 May 2008 20:58:18 +0000

CMC has always been known for having a strong and generous need-based financial aid program. The admission process is need-blind and the financial aid policy has always been to meet 100% of the full demonstrated financial need (based on FAFSA, CSS Profile, and professional judgment). This generous program recently became even better when CMC announced in March that it would be replacing all packaged loans with CMC grant funds. CMC became a no-loan college just like Williams, Amherst, and some others back east. That policy shift means that students will now be able to graduate from CMC with zero debt. The income ranges go from no income up to about $200,000 per year in family income. The amount of aid given to each student, of course, is dependent on the particular financial circumstances of the family – it varies from $1,000 up to $50,000 per year. Generally, no, the non-custodial parent’s income is excluded from the need analysis unless that parent offers to assist the student with the cost of education.