Eligibility for Financial Aid
The determination of your need is actually a simple calculation. We first build your cost of attendance (COA), which includes an estimated guide for yearly living expenses in addition to tuition and fees paid to Brown. So, the formula looks like this:
COA — Family Contribution = Assessed Need
If you applied for external aid only (e.g., Stafford loan) we calculated a contribution from you (and your spouse, if applicable) based upon your income and asset information before determining your financial need. No parental information was considered.
However, if you applied for institutional aid, a contribution from both you (and your spouse, if applicable) and your parent(s) is displayed on your award letter. The threshold to qualify for institutional aid is determined both by your COA and by the assessed family contribution figure.
Regardless of whether you applied for external aid or for institutional aid, your award notification letter displays the maximum amounts for which you are eligible, including federal student loans (e.g., Unsubsidized Stafford).
- Next we assess a contribution from you and your family, based on the application you've submitted.
- The family contribution is subtracted from the cost of attendance to determine need.