How we determine your eligibility

How do we determine your financial aid package? Calvin’s financial aid team carefully considers
information provided on the FAFSA and the Calvin Seminary Scholarship and Financial Aid
Application to develop financial aid package.

Grants and loans

Eligibility for scholarships and federal student loan programs is determined by your family’s EFC
(Expected Family Contribution) as determined by the FAFSA. The lower your EFC, the more
financial aid you will receive. These are some of the major factors considered in determining your
family’s EFC:

  • Income (both taxable and non-taxable)
  • Taxes paid
  • Assets (exclude primary home and retirement accounts)
  • Business/farm value (exclude family business or farm)
  • Student’s age
  • Size of family
  • Number of family members in college

Special circumstances

Have things we need to know when determining your financial aid award? File the Supplemental Information for Financial Aid Form to tell us about:

  • Income reduction
  • Job loss
  • Elementary or secondary school tuition
  • High cost of living
  • Exceptional medical expenses
  • Children’s cost to attend college
  • Other extenuating circumstances