Calculate Your Financial Need in 20 Minutes!
An education at Franklin & Marshall College (F&M) is an investment in yourself and your future. We've known for a long time that the value of attending Franklin & Marshall College far exceeds the cost of tuition. To help you and your family realize this investment, we encourage you to use our Net Price Calculator (NPC).
DESIGNED FOR PROSPECTIVE, FIRST YEAR, FULL-TIME STUDENTS, in approximately 20 minutes you will be able to estimate your eligibility for need-based financial aid at F&M. In addition, the NPC will provide you with an estimate of your out-of-pocket expenses toward your education at F&M in the upcoming academic year.
What To Keep In Mind When Using The NPC
- The simpler your financial situation, the more accurate this estimate is likely to be. Many families have complex financial circumstances which require a detailed review in order to determine accurate need-based eligibility. A calculator cannot factor in all of your unique personal circumstances.
- The contribution estimated here is only as reliable as the data you enter, and may be different from what F&M calculates if your parents are self-employed or own a business.
- TIP #1: Have your parents’ 2017 federal tax documents (tax return, schedules and W-2s) on hand before you begin.
- TIP #2: If your parents are self-employed or own some/all of a business, corporation and/or partnership, have them calculate their percentage of ownership. They should refer to their 2017 federal tax documents (Federal 1040 Schedule C and/or Schedule E; Federal 1120 or 1120-S Corporate Tax Returns; 1165 Partnership Tax Returns; K-1s) to confirm actual business income and value.
- Students whose biological parents are divorced, separated, or have never been married: The NPC does not incorporate all of the additional, necessary information needed to provide a complete analysis that addresses these specific situations. In these cases, F&M requires the completion of the Noncustodial PROFILE by the noncustodial parent (parent with whom the student does not live) to determine a custodial and noncustodial parental contribution. HOWEVER, here is what you can do:
- The NPC should be completed by the custodial parent - including your stepparent's information if your custodial parent has remarried, and noncustodial parent individually.
- The separate EFCs (Estimated Family Contributions) should then be added together for the final estimate of your family contribution.