Financial Aid Eligibility

Basic information

  • Owner(s):
  • Applies to:
    • Current Students
    • Prospective Students
  • Approved by:
    • Office of Financial Aid
  • Last updated: March 20, 2024

How do we determine your financial aid package? Calvin's financial aid team carefully considers information provided on the FAFSA and the Calvin Supplemental Aid Form to develop a personalized award package just for you.

Grants and loans

Eligibility for grants and federal student loan programs is determined by your family’s Student Aid Index (SAI) as determined by the FAFSA. The lower your SAI, the more financial aid you will receive. These are some of the major factors considered in determining your family’s SAI:

  • Parents’ income (both taxable and non-taxable)
  • Parents’ taxes paid
  • Parents’ assets (exclude primary home and retirement accounts)
  • Business/farm value (exclude family business or farm)
  • Oldest parents’ age
  • Size of family
  • Your income and assets

Special circumstances

Have things we need to know when determining your financial aid award? File the Special Circumstances Form to tell us about:

  • Income reduction
  • Job loss
  • Elementary or secondary school tuition
  • Number of siblings in college/university
  • High-cost-of-living
  • Exceptional medical expenses
  • Parents’ cost to attend college/university
  • Other extenuating circumstances



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