Student Financial Assistance
What Is Financial Aid?
The information you supply on the Free Application for Federal Student Aid (FAFSA) is used to determine your (or your family’s) contribution to your college education. Financial need is defined as the difference between total college costs (tuition, fees, transportation, books, and personal expenses) and the student’s and/or family’s contribution.
How Cost of Education is Determined
Note: Figures are subject to change.
How need is Determined
You and your family’s ability to contribute to your education is determined by a formula set by law which analyzes the information submitted on your FAFSA. The result of this process is referred to as your EFC or Effective Family Contribution.
Your need is your total Cost of Education as determined by the institutional budget minus your EFC or Effective Family Contribution.
Since family financial strength and EFC is based on a prior years’ income and family situation (e.g. 2010 information is used to determine your EFC for 2011-2012) circumstances could have changed such as loss of job, death etc. If you or your family experience dramatic changes in their financial situation form one year to the next, you should collect all appropriate documentation and make an appointment with your financial aid counselor to have your circumstances re-evaluated.
What is Financial Aid?
| Types of Financial Aid
General Eligibility for Financial Aid