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1. How We Determine Your Family Contribution (RSS)

1. How We Determine Your Family Contribution
The Blog is Dead. Long Live the Blog.
This blog is officially closed and will now only exist as an archive of past posts. Please visit the new blog at  http://daniel.mitblogs.com. Read More

posted Thursday, June 30, 2005 7:22 PM by barkowitz (Comments Off)

And sometimes the changes you make can have great meaning...
I just finished dinner with the kids, and am getting ready to watch the last regular episode of Survivor, but before I do, I thought I needed to post a little more on the subject of corrections. This is me on my soapbox, so if you don't want the preaching, Read More

posted Thursday, May 12, 2005 8:14 PM by barkowitz (Comments Off)

Sometimes change is meaningless...
If you are an incoming Freshman student, this message is for you! No grandiose ideas in the title.  I know that change is meaningful and that you will be undertaking major changes soon as you close the book on your high school life and prepare to enter Read More

posted Thursday, May 12, 2005 11:38 AM by barkowitz (Comments Off)

When it feels like another logic puzzle... How to afford your EFC?
Hi all. First off, let me say that I am really enjoying the feedback on the previous post.  My one logic puzzle has turned into a thread of logic puzzles with a really hard one which Michael posted (Jane and her dad just answered it -- I think), and Read More

posted Thursday, March 31, 2005 9:17 PM by barkowitz (Comments Off)

One clarification to student contribution...
Just wanted to offer one clarification on my student contribution post below. The numbers I gave ($1500 Freshmen, $2200 Sophomores, $2500 Juniors, $2800 Seniors) are summer earnings expectations for US Citizens and Permanent Residents only.  For International Read More

posted Thursday, March 03, 2005 9:53 AM by barkowitz (Comments Off)

The rest of the bunch... Parts 3 and 4 of your family contribution
So, much earlier, I began a post about how we determine your family contribution.  I started the conversation by describing the four parts of the contribution and discussed how there are really two methodologies used, one for Federal funds, and one for Read More

posted Wednesday, March 02, 2005 9:03 PM by barkowitz (Comments Off)

Part 2: Parental Contribution from Assets
First off, I need to say publicly that the Q-Man is my new personal hero!  And also I need to let you know that Autumn is now working!  (For those of you not in the know, Autumn is our online tracking system for prospective freshmen which lets you see Read More

posted Tuesday, February 01, 2005 1:41 PM by barkowitz (Comments Off)

Determining the parent contribution from income
So, it’s time to begin part one of the breakdown of the individual formulas to determine your EFC, and we begin with parent contribution from income.  Parental income is really the single largest source of your expected contribution,  and serves as the Read More

posted Thursday, January 20, 2005 4:09 PM by barkowitz (Comments Off)

Singing in Four Part Harmony -- Or What Makes up your EFC.
I love to sing. It helps that I sing fairly well (or at least I like to think I do), but I do love to sing. As for what I sing, it varies from Broadway show-tunes to Abba to Air to Eminem (I have a pretty eclectic taste in music). And I belong to Read More

posted Wednesday, January 12, 2005 2:04 PM by barkowitz (Comments Off)

Do you want the 10,000 foot view? Or the extreme closeup?
So now it seems time to describe how the determination of your financial contribution happens here at MIT.  Suffice it to say that I could write a book on the subject (and indeed, we have one that we use internally) and still not be done with the complete Read More

posted Tuesday, December 28, 2004 4:54 PM by barkowitz (Comments Off)