This tool is designed to give students an early indication of the amounts and types of financial aid for which they might qualify. The figures generated here will estimate the net price for a full-time, first-year student living on campus based on 2020 - 2021 year academic year costs. This calculator is not an application for, or a guarantee of, a particular financial aid package. This estimate is not binding on the Secretary of Education, Colorado College, or the State of Colorado. Instead, it is intended to assist families in making informed decisions concerning college choices.
The process examines:
•Income (have your tax forms and W-2 forms handy)
•Number of family members
•Number of children in college
•Home value and mortgage debt
•How close parents are to retirement
This complex process has a simple objective — to determine what you and your family can afford to contribute to your education. We believe that families have the first responsibility for contributing to college costs. If parents are divorced or separated, the calculator should be completed by the custodial and non-custodial parents individually. The separate EFCs should then be added together for the final family contribution.
You should note that, except in very rare circumstances, Colorado College will not award need-based aid without taking into consideration parents' financial circumstances. In the case of divorced or separated parents, each parent is expected to provide financial information.
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