TADS - Tuition Aid Data Services -- TADS Explained: Formula Customization

People of all income levels request financial aid.

The TADS formula for calculating Household Contribution to Education (HCE) works for everyone, including those on government assistance and those who own large corporations and partnerships.

TADS allows financial aid administrators to adjust many of the values that are used to calculate HCE so the results more accurately reflect the philosophy and values of the school. TADS believes these adjustments should be established before need is determined rather than after and that some formula values should be based on local standards rather than those used nationally. Some of the formula values that may be adjusted for customization include:

Minimum and maximum allowed monthly housing expense
Monthly allowance for food, clothing and personal expenses
Health insurance expenses allowed
Medical expenses allowed
Charitable contributions allowed
Day care expenses allowed
Contributions to retirement accounts allowed
Elderly care expenses allowed
Percent of Excess Assets that should be used toward tuitions.

For a more in-depth overview of our calculation of student tuition need, please email Ryan Fox at ryan@tuitionaid.com or call him at 1.800.477.8237 ext. 216.

Next >> Reports

Customer Quote:

"We've been clients for about twenty years and have been very satisfied."

— Carla Oudenhoven

Random FAQ:

What information do you collect from the parents?

If you request Comprehensive or Documented services, we collect the most recent tax returns including any corporate and business returns, W-2’s for all jobs worked from all heads of household, most recent paycheck stubs from heads of household, and all other supporting income. If you select Undocumented or Economical service, we do not request supporting documentation from the parents, unless you request it specifically.

More FAQs

Did You Know...

You can view your received applications and reports online in real-time.