Financial aid provided to the students also depends upon the family income as the family with less income needs more financial help as compared to the family who earns more.
Financial need is calculated by the formula Total cost of attendance - Estimated Family Contribution which gives the required financial need that the family needs.
The cleary university clarifies this by dividing the financial aid into the different income brackets which are as follows
Students with family incomes ranging between $0-30,000 receive a federal aid amount of $12,012. A slight increase is observed with the range starting from $30,001-48,000; the aid provided for it is $13,750.
For income within $48,001-75,000, the aid provided is $14,500. When the income range increases to $75,001 - $110,000, the aid amount increases to $13,250. When the range increases beyond $110,000, the aid amount gets reduced to $11,750.