Financial Aid Calculator

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The financial aid calculator is an essential tool for students and their families to estimate various financial components associated with higher education costs. This calculator evaluates the Expected Family Contribution (EFC), student need, parent contribution, student contribution, and the total financial aid package. The calculator considers a myriad of factors including family income, assets, expenses, student assets, expenses, scholarships, grants, loans, work-study, family size, dependents, and other sources of income.

The UI reflects this through having a centralized page where users can find their aid calculator and conveniently access the school comparison tool. We also added mentors available to help students specifically related to finances and financial planning for universities directly on this home page so that students can quickly connect with them.

Functions Used

User Input and Data Collection

The calculator prompts users to input comprehensive financial information, which includes:

• Family income
• Family assets
• Family expenses
• Student assets
• Student expenses
• Scholarships received
• Grants received
• Loans received
• Work-study earnings
• Family size
• Number of dependents
• Other sources of income

This user-input data forms the foundation upon which the calculator performs its computations.