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.

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Customer Quote:

"Our tuition structure is extremely complicated. I have found that TADS has gone beyond my expectations in ensuring that our financial aid reports are processed properly. They are always very prompt in getting back to me on my questions or concerns.
We chose to obtain our financial aid reports by e-mail and it was surprising to me how much time and energy we saved by doing this. It was wonderful."

— Cheryl Harmon

Random FAQ:

How long does it take to get set up if we decide to use your services?

After the decision has been made to use our services, TADS sends you the administrator handbook and forms. Once you fill them out and mail or fax them in, it takes about a day to fully set you up in our system. You will be able to immediately have your students apply online and your paper applications will be mailed. The whole process can be done in as little as 3 days.

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Did You Know...

You can get your reports by mail, email, or view /print them online.