WASHINGTON PROGRAM: Financial Aid Examples

Jones Family pays $15,000 (Estimated Family Contribution) EFC* per semester

Semester Budget
Less EFC

Total Financial Aid
Program Cost

Family Owes CMC
and the remainder of EFC ($9,915.00) goes to the student to cover room, board and miscellaneous expenses.

$31,957.50
($15,000)
___________
$16,957.50
($22,042.50)
___________
$5,085.00

   

Smith Family pays $5,000 EFC* per semester

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.

$31,957.50
($5,000)
___________
$26,957.50
($22,042.50)
___________
$4915.00

 *Cost based on 2012-2013 fees