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Total income includes both taxable and untaxed income. This typically means your adjusted gross income (AGI) plus untaxed income such as Social Security benefits, child support received, or pre-tax retirement contributions.

When calculating total income, Occidental only considers positive taxable income and may exclude losses that affect federal tax liability but do not reflect a family’s actual ability to pay.

Families living outside the U.S. may use equivalent income documentation but must submit a translated and currency-converted version for review.

If a student’s parents are separated, divorced, or were never married, income from all parents will be considered when determining eligibility.
 

Financial aid eligibility considers family assets such as cash, savings and checking accounts, investments and equity in businesses or real estate (including your home). We never consider the value of any qualified retirement accounts. Families with assets atypical for our applicant pool within the income range may not qualify.

Yes. All students must reapply for financial aid annually by Occidental’s published deadlines. Eligibility for the Affordability Promise is reviewed each year. Students who miss the deadlines may not receive the same level of aid.

All admitted students who submit the required financial aid documents by the deadline will receive an aid offer that meets 100% of their demonstrated financial need for each year they are enrolled at Occidental.