Net Cost of College Examples

The examples below show how the true (net) cost of college varies depending of family circumstances.

If you haven't yet applied for financial aid, you may wish to use our eligibility estimator

If you have already received your award package, use our net cost of college calculator to determine how much you will actually pay.

Would you like more information about whether you qualify for aid at Calvin? Use our On-Line Eligibility Estimator to estimate your eligibility for aid. You may also print a copy of our U.S. Financial Aid Estimate Worksheet, or the Canadian Estimate Worksheet, fill it out and send it to us and we will send you an estimate. (This is only available from September 1 thru January 31, after that date you must return the actual financial aid application.)

Family circumstances
		Alicia	Matt	Sarah	Drew	Janessa	Jordan
	Family Income	$30,000	$50,000	$70,000	$90,000	$110,000	$130,000
	Calvin's "Sticker Price" (2007-08)	29,145	29,145	29,145	29,145	29,145	29,145
Financial aid with one in college
	Grants and scholarships	17,500	13,600	9,700	5,800	3,500	1,500
	Subsidized loans	5,500	5,500	5,500	5,500	4,500	3,500
	Part-time employment	2,300	2,300	2,300	2,300	2,300	2,300
	Net cost for tuition, room and board	3,845	7,745	11,645	15,545	18,845	21,845
Financial aid with two in college
	Grants and scholarships	18,000	14,500	12,000	9,500	7,400	5,500
	Subsidized loans	5,500	5,500	5,500	5,500	5,500	5,500
	Part-time employment	2,300	2,300	2,300	2,300	2,300	2,300
	Net cost for tuition, room and board	3,345	6,845	9,345	11,845	13,945	15,845

* Notes:

In addition to family income, parents' assets and student income/assets are also considered. In most cases these factors do not significantly affect aid eligibility of Calvin applicants because of standard income/asset protections that are part of the need analysis formula. The amount protected depends on the number of parents, the age of the parents, and size of household. (Table based on a family size of 5)
The grants and scholarships listed include federal, state, and Calvin awards. The actual amount a student receives depends on a number of factors, including financial need, academic performance, extracurricular involvement, leadership experience, honors received, and denominational affiliation. Loans listed only include standard eligibility for first-year students through the Federal Direct and Perkins Loan programs. Additional loans are available to assist in covering the total cost of attendance. The work amount listed assumes an average of 12 hours per week during the school year. On-campus jobs are available through the federal or state work-study, and college student-employment programs. Off-campus employment is also an option.