WASHINGTON PROGRAM: Financial Aid Examples
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Jones Family pays $15,000 (Estimated Family Contribution) EFC* per semester
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Semester Budget
Less EFC
Total Financial Aid
Program Cost
Family Owes CMC
and the remainder of EFC ($9,737.00) goes to the student to cover room, board and miscellaneous expenses.
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$30,857.00
($15,000)
___________
$15,857.00
($21,120.00)
___________
$5,263.00
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Smith Family pays $5,000 EFC* per semester
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Semester Budget
Less EFC
Total Financial Aid
Program Cost
Student Receives Check
and the EFC of $5,000 goes to the student to cover room, board, and miscellaneous expenses.
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$30,857.00
($5,000)
___________
$25,857.00
($21,120)
___________
$4737.00
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*Cost based on 2011-2012 fees