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Welcome to the Net Price Calculator

Welcome to the Net Price Calculator for Claremont McKenna College!  We find it encouraging to know that you are beginning to explore how to plan and pay for your college education. Using our net price calculator, you can find out whether you are likely to be eligible for financial aid as well as obtain a sample estimate of your out-of-pocket expenses.  Based on the information you submit regarding your family’s financial situation, you will be presented a “net price,” a number that reflects your estimated cost of attending CMC as a first-year student in the 2016-17 academic year.  This calculator will only serve the needs of US citizens and US permanent residents – calculations are not valid for the prospective international student population.  For more information regarding international students and financial aid at CMC, please click here.  Furthermore, here are a few rules to keep in mind when using CMC’s Net Price Calculator:

  • This process is not an application for financial aid.  Your information will neither be retained nor relayed to Claremont McKenna College in any way.

  • Calculations are based on the parameters for a freshman entering CMC in fall 2016.

  • This calculator provides estimates of need-based aid, not merit-based scholarships.  CMC’s Admission Office handles all matters with regard to merit scholarship considerations.  

  • Your net price is dependent on the accuracy and completeness of the information you provide and is primarily intended to serve as a general guide to your eligibility for financial aid at CMC.

  • The calculator is of limited use when a parent is self-employed; this is because the calculator does not capture cash flow or other necessary business information which often has a significant impact on need-based aid eligibility. 

  • The calculator is of limited use for dependent students whose parents are divorced. CMC expects both of the student’s parents (biological or adoptive) to complete the financial aid application process. Unlike the actual financial aid application process, the Net Price Calculator does not allow both parents to enter their financial information in a divorce situation. The Net Price Calculator only calculates basic need analysis for the family with whom the student resides.

  • CMC’s Financial Aid Office has the final authority for determining the family contribution and any financial aid award.  Your net price should provide an approximation of your expected contribution. 

  • Special circumstances are treated on a case-by-case basis.  Any additional information you might feel helpful in the determination of financial aid eligibility should be communicated to the CMC Office of Financial Aid. 

 

  • Claremont McKenna College has been nationally recognized for our outstanding financial aid program.  The calculator measures the financial strength of your family and uses other facts you provide to estimate the amount of need-based grant assistance and other financial aid that is likely to be available to you. Your "net price" is the difference between the "estimated" grant assistance from various sources and the cost of attendance. Check out our Financial Aid homepage to get more information regarding the Financial Aid application process and important deadlines at CMC.   

Completing the calculator should take no more than 20 minutes of your time. You will need to answer some basic questions about your parents' financial situation so it might be helpful to have recent tax forms or pay stubs on hand before you begin.

 

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