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Making it Affordable

The following profile information displays the actual numbers of dependent students who received need-based aid at Hope during the [2008-2009] academic year. Within the various ranges of total parental income (including both taxable and non-taxable income), the number of eligible applicants is displayed for each income category along with the average amounts of financial aid received by these students. It is important to keep in mind that the figures listed under the heading "Average Amount of Aid Packages" (far right column) are influenced by a family's size, assets, and individual circumstances.

Freshman Financial Aid Applicant Income Profiles*

Total Parental Income Number of Applicants Number Eligible for Financial Aid
Average Amount of Aid Package (middle 50%)
$0-10,000 70 70 $27,281-33,831
$10,001-20,000 20 20 $27,541-31,981
$20,001-30,000 73 73 $24,490-31,361
$30,001-40,000 92 92 $24,752-30,628
$40,001-50,000 127 127 $22,640-29,667
$50,001-60,000 134 133 $21,391-26,900
$60,001-70,000 182 181 $19,720-25,583
$70,001-80,000 156 154 $16,720-23,700
$80,001-90,000 174 170 $13,568-21,689
$90,001-100,000 147 144 $11,800-22,100
$100,001-110,000 128 125 $10,527-19,000
$110,001-120,000 109 100 $8,500-17,900
$120,001+Over 656 290 $7,300-14,700
Totals/Averages 2,068 1,679 $19,554**

*The following qualifiers should be noted when reviewing the above profiles:

  1. The above profile information displays the actual numbers of dependent students who received need-based aid at Hope during the 2008-2009 academic year.
  2. The total parental income figure includes both taxable and nontaxable income.
  3. The average family represented above consists of four family members with one child attending college.
  4. Aid package values above are for students receiving merit scholarships as well as those who are not receiving them.
  5. If a family holds significant assets, the above figures may not be applicable.

** Average amount of package for ALL students -- not just the middle 50%