<p>How is need based fin aid given at CMC? What are the income ranges of parents and how much aid is given. If parents are divorced do they take into account both parent incomes?</p>
<p>CMC has always been known for having a strong and generous need-based financial aid program. The admission process is need-blind and the financial aid policy has always been to meet 100% of the full demonstrated financial need (based on FAFSA, CSS Profile, and professional judgment). This generous program recently became even better when CMC announced in March that it would be replacing all packaged loans with CMC grant funds. CMC became a no-loan college just like Williams, Amherst, and some others back east. That policy shift means that students will now be able to graduate from CMC with zero debt. The income ranges go from no income up to about $200,000 per year in family income. The amount of aid given to each student, of course, is dependent on the particular financial circumstances of the family -- it varies from $1,000 up to $50,000 per year. Generally, no, the non-custodial parent's income is excluded from the need analysis unless that parent offers to assist the student with the cost of education.</p>
<p>Pomona also has the no-loans program, as well as generous need-blind admission and financial aid guaranteed to meet 100% of demonstrated need. </p>
<p>CMC and Pomona have the strongest financial aid programs on the 5-C's and have been known to match each other when competing for cross admits</p>
<p>^ I can attest to the fact that they tend to match each other. I had my financial aid reviewed by both schools. They both gave me about the same originally and gave me about the same increase after looking at it again (I was happy with both their offers).</p>
<p>See News</a> Release, News and Events, Claremont McKenna College for more info on the no loan policy.</p>
<p>Excerpt:</p>
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<p>Claremont McKenna College Introduces No Loan Policy</p>
<p>Date Issued: 03/17/2008</p>
<p>Additional Grant Funds Eliminate Student Loans from Financial Aid Packages for all Current and Future Students</p>
<p>Claremont McKenna College today announced it will eliminate student loans from financial aid packages for all current and entering students effective fall 2008.</p>
<p>The student loans will be replaced by grant aid, bolstering CMC's already competitive financial aid program, which provides need-based aid to more than half its students. This move makes CMC one of only three colleges with an endowment under $600 million to implement such a comprehensive no-loan program for incoming and existing students. All current CMC students who receive financial aid are eligible, and all students who would traditionally rely on loans will immediately benefit from the no-loan policy.</p>