Please use your FAFSA Student Aid Report (SAR) and the award letter from the college you will be attending to complete the Financial Eligibility Calculator. (If you are in college, use this current year’s financial aid award information.) Be sure to “tab” through all fields as you enter the numbers, including the final field, to see the Phillips Eligibility, which must be $7,000 or more to qualify. In addition, an applicant’s EFC must be $10,000 or less. Please be aware that financial eligibility is only one component of our decision-making. Please read the criteria to apply to learn more.
FINANCIAL ELIGIBILITY CALCULATOR FOR 2023-2024
| COST OF COLLEGE:The TOTAL figure from either A, B or C below: | ||
| EFC (Expected Family Contribution) from your Student Aid Report (A qualifying EFC is $10,000 or less, unless your family has extenuating financial circumstances) | - | |
| All grants and awards from your college (Do not include loans.) | - | |
| All scholarships from organizations outside of the college | - | |
| Phillips Eligibility: must be $7000 or greater | = |
How to Calculate Your Cost of College
Use only one of the three boxes to the right to calculate the cost of college depending on the specific cost information you have available. Use the total Cost of College figure both in the Financial Eligibility Calculator, above, and in the “2023-2024 Cost of College” field on the application itself.
- View our Cost of College List to see if your college’s costs are listed. If you find your college’s costs, enter that information in Box A, then write the TOTAL Cost of College on the Financial Eligibility Calculator’s first line and in the application’s field, “2023-2024 Cost of College.”
- If your college is not on our list but you have the 2023-2024 costs from the internet or your award letter, use that information in the blue box, B. Write the TOTAL Cost of College on the Financial Eligibility Calculator’s first line and in the application’s field, “2023-2024 Cost of College.”
- If your college is not on our list and you only have 2022-2023 costs, use the pink box, C. The cost will be adjusted to approximate the increase for 2023-2024. Write the TOTAL Adjusted Cost of College on the Financial Eligibility Calculator’s first line and in the application’s field, “2023-2024 Cost of College.”
- Please do not use commas when entering your costs.
* Use only fees for student activities, health services (not insurance), and technology expense.
** If you are commuting from home, do not include the room and board expense. Instead, write $4000 in that blank, which is the allowance for commuter expenses. If you are living off campus but not at home, use the college’s room and board expense.
NOTE: Please “tab” to each field, including the TOTAL Cost of College field, to see the final figure.
| If your college appears on our College Cost List, please use these costs for your college in the fields below. | ||
| * Tuition and Fees | ||
| ** EITHER Room and Board OR $4000 Commuter Allowance | + | |
| TOTAL Cost of College | = | |
| Tuition | ||
| * Fees | + | |
| ** EITHER Room and Board OR $4000 Commuter Allowance | + | |
| TOTAL Cost of College | = |
| 2022 Tuition | ||
| 2022 Fees | + | |
| ** EITHER Room and Board OR $4000 Commuter Allowance | + | |
| Total 2022 - 2023 | = | |
| TOTAL Adjusted Cost of College | = |