What happens if you have to back out of ED?

[sybbie719]

<p>

But, since my parents make less than $75,000 a year, wouldn’t I go to Dartmouth for free?

</p>

<p>No, you will not tattend Dartmouth for free (this is why it is important to run your numbers through the FA calculator).</p>

<p>[Cost</a> Estimator](<a href=“http://www.dartmouth.edu/apply/financialaid/calculator/]Cost”>http://www.dartmouth.edu/apply/financialaid/calculator/)</p>

<p>Tuition is $38,679
room and board $11,295
In addition, indirect costs include an estimated books & miscellaneous expense of $2,999 along with the expenses associated with travel, health insurance and a computer. </p>

<p>You will have a student contribution, and probably a parent’s contribution (depending on your parent’s income/assets).</p>

<p>

Student Contribution is composed of two components: contribution from student earnings and contribution from student assets.</p>

<p>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. </p>

<p>Student assets: Depending upon the circumstances of the family, students are expected to contribute 20 to 25% of the value of their assets.</p>

<p>[Student</a> Contribution Guidelines](<a href=“http://www.dartmouth.edu/apply/financialaid/calculator/student.html]Student”>http://www.dartmouth.edu/apply/financialaid/calculator/student.html)

</p>

<p>From: Dartmouth College Financial Aid Handbook</p>

<p><a href=“http://www.dartmouth.edu/apply/pdfs/Financial_Aid_Handbook.pdf[/url]”>http://www.dartmouth.edu/apply/pdfs/Financial_Aid_Handbook.pdf&lt;/a&gt;&lt;/p&gt;

<p>

**Expected Parent Contribution<a href=“page%2017/18”>/b</a></p>

<p>A basic principle of financial aid is that parents bear primary responsibility, to the best of their ability, to pay for their children’s education. Need analysis seeks to measure, in a fair and consistent way, the combined income and asset strength of each family relative to all other families who apply for aid.</p>

<p>Expected Student Contribution:</p>

<p>The minimum expected 2009-10 contribution from student leave-term earnings is shown below. We may require more than this amount if your reported earnings from the prior year were unusually high. In cases where this happens, we will reduce your self-help by your excess earnings.
Leave-term Earnings Expectations for the 2009-10 Academic Year:
Class of: Minimum Amount:
2013 $2,700
2012 $2,900
2011 $2,950
2010 $0*
Priors $3,050 may be pro-rated for fewer than three terms of enrollment</p>

<p>For a variety of reasons, many students find themselves unable to earn this much in their leave terms. Some choose to travel or explore unpaid opportunities during those terms. Others feel obligated to help support their families with their earnings. Whatever the case,** the leave-term earnings expectation will not ever be replaced with additional scholarship funds, but in many cases we can offer student loans or additional term-time employment eligibility to assist you.**</p>

<p>**Self-Help<a href=“page%2019”>/b</a></p>

<p>The first component determined in a student’s financial aid package is the self-help. Self-help may include on-campus employment and/or student loans. Beginning with the Class of 2012, we will not package loans in the original awards for students eligible for need-based aid. In most cases, students may request and receive loan funding, if needed.

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