Here are nine examples of how Franklin & Marshall College sized up the finances of students admitted to the class of 2018. F&M’s full charge for tuition, fees, room and board is $60,799. There are also expenses for books, supplies and transportation.

The private college in Lancaster, Pa., pledges to meet full financial need. Students awarded aid are expected to take out some loans. The average debt at graduation for those who take out student loans is about $25,000.

Note that the economic factors listed here are not the only ones considered. Officials said, for example, that they might look at the financial resources of a divorced parent who is not in a student’s household. One other technicality: To determine an expected family contribution, F&M takes into account home equity relative to parental income. This is described as “Home equity used.” (F&M essentially awards aid based only on need. Here’s a closer look at how colleges handle no-need awards known as “merit aid.”)

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Student A

Female student from a public school in the Mid-Atlantic. Combined SAT score for reading and math was in the 1500s, out of a maximum 1600 on the college admission test.

Financial aid considerations:

**Parental adjusted gross income: $400,000

**Assets not held in retirement accounts: $360,000

**Home equity: $635,000

**Home equity used: $506,880

**People in household, including this student: 4

**Number in college in 2014-15, including this student: 2

Aid assessment:

**Estimated family contribution using F&M’s formula (EFC): Can pay full annual charge

**Estimated need: $0

**F&M grant or scholarship: $0

**Federal grants: $0

**Offer for work-study: $0

**Possible student loans: $5,500

This student decided to attend F&M. “A truly talented student we enrolled with no offer of merit aid,” the college said.

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Student B

Female student from a public school in the Midwest. Combined SAT score for reading and math was in the 1500s.

Financial aid considerations:

**Parental adjusted gross income: $106,244

**Assets not held in retirement accounts: $33,352

**Home equity: $26,000

**Home equity used: $0

**People in household, including this student: 3

**Number in college in 2014-15, including this student: 1

Aid assessment:

**Estimated family contribution: $27,592

**Estimated need: $36,727

**F&M grant or scholarship: $33,327

**Federal grants: $0

**Offer for work-study: $1,900

**Possible student loans: $3,500

This student decided to attend F&M. “Student loan relief program helps us be attentive to families in the middle bracket, a group very sensitive to cost.”

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Student C

Female student from a public charter school on the West Coast. Her parents did not go to college. Combined SAT score for reading and math was in the 1100s.

Financial aid considerations:

**Parental adjusted gross income: $40,200

**Assets not held in retirement accounts: $3,609

**Home equity: Renter

**Home equity used: N/A

**People in household, including this student: 5

**Number in college in 2014-15, including this student: 1

Aid assessment:

**Estimated family contribution: $1,399

**Estimated need: $62,920

**F&M grant or scholarship: $50,740

**Federal grants: $5,780

**Offer for work-study: $1,900

**Possible student loans: $4,500

This student decided to attend Williams College. “Schools like the Ivies, Williams, Amherst, etc., continue to be in our aspirant group in terms of competing for students.”

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Student D

Female student from a public school in the Northeast. Combined SAT score for reading and math was in the 1500s.

Financial aid considerations:

**Parental adjusted gross income: $178,275

**Assets not held in retirement accounts: $446,416

**Home equity: $848,565

**Home equity used: $246,140

**People in household, including this student: 4

**Number in college in 2014-15, including this student: 2

Aid assessment:

**Estimated family contribution: $47,431

**Estimated need: $16,288

**F&M grant or scholarship: $13,138

**Federal grants: $0

**Offer for work-study: $1,900

**Possible student loans: $1,250

This student decided to attend Cornell University.

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Student E

Male student from a public school in the Northeast. Combined SAT score for reading and math was in the 1400s.

Financial aid considerations:

**Parental adjusted gross income: $88,928

**Assets not held in retirement accounts: $72,254

**Home equity: $224,396

**Home equity used: $112,948

**People in household, including this student: 4

**Number in college in 2014-15, including this student: 2

Aid assessment:

**Estimated family contribution: $30,514

**Estimated need: $33,205

**F&M grant or scholarship: $30,055

**Federal grants: $0

**Offer for work-study: $1,900

**Possible student loans: $1,250

This student decided to attend F&M.

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Student F

Male student from a public school in the Mid-Atlantic. His parents did not go to college. Combined SAT score for reading and math was in the 1400s.

Financial aid considerations:

**Parental adjusted gross income: $69,241

**Assets not held in retirement accounts: $500

**Home equity: None

**Home equity used: N/A

**Number of people in household, including student: 5

**Number in college in 2014-15, including this student: 2

Aid assessment:

**Estimated family contribution: $6,200

**Estimated need: $57,419

**F&M grant or scholarship: $47,239

**Federal grants: $3,480

**Offer for work-study: $1,900

**Possible student loans: $4,500

This student decided to attend F&M. College cited its “strategy of finding and funding talent.”

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Student G

Male student from a private school in the Southeast. Combined SAT score for reading and math was in the 1300s.

Financial aid considerations:

**Parental adjusted gross income: $213,421

**Assets not held in retirement accounts: $16,000

**Home equity: Renter

**Home equity used: N/A

**People in household, including this student: 4

**Number in college in 2014-15, including this student: 1

Aid assessment:

**Estimated family contribution: $57,901

**Estimated need: $6,118

**F&M grant or scholarship: $2,968

**Federal grants: $0

**Offer for work-study: $1,900

**Possible student loans: $1,250

This student decided to attend F&M.

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Student H

Male student from a public school in the Northeast. Combined SAT score for reading and math was in the 1300s.

Financial aid considerations:

**Parental adjusted gross income: $163,854

**Assets not held in retirement accounts: $129,732

**Home equity: $650,000

**Home equity used: $208,635

**People in household, including this student: 4

**Number in college in 2014-15, including this student: 2

Aid assessment:

**Estimated family contribution: $30,822

**Estimated need: $32,897

**F&M grant or scholarship: $29,747

**Federal grants: $0

**Offer for work-study: $1,900

**Possible student loans: $1,250

This student decided to attend Carnegie Mellon University.

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Student I

Female student from a public school in the Midwest. Combined SAT score for reading and math was in the 1400s.

Financial aid considerations:

**Parental adjusted gross income: $72,576

**Assets not held in retirement accounts: $2,380

**Home equity: $40,000

**Home equity used: $0

**People in household, including this student: 5

**Number in college in 2014-15, including this student: 3

Aid assessment:

**Estimated family contribution: $8,795

**Estimated need: $54,924

**F&M grant or scholarship: $48,524

**Federal grants: $0

**Offer for work-study: $1,900

**Possible student loans: $4,500

This student decided to attend F&M.