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Student Contribution is composed of two components: contribution from
student earnings and contribution from student assets.
- Student earnings: Students are typically expected to contribute $2,500 to
$2,900 from their earnings depending on their class year (Class of 2011, etc.).
The contribution from earnings may be higher if the student earns over
$7,000.
- Student assets: Depending upon the circumstances of the family, students
are expected to contribute 20 to 25% of the value of their assets.
Federal law requires that all assets (including cash, savings, investments,
trusts, Uniform Gifts to Minors Act funds, stocks, bonds, etc.) are included
when determining contribution from student assets, even if the assets have been
held in the student's name only for tax purposes.
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