How Aid is Awarded
Financial Aid is funding that will help you and your family meet college expenses such as tuition, fees, books, supplies, etc. The basic sources of aid are grants, scholarships, employment, and loans.
You and your parents (if you are dependent) are still considered the primary source of funding for these costs. Financial aid is intended to fill the gaps where you and your parents might fall short in paying for your education.
Student financial aid is based on demonstrated financial need, academic achievement, ability or academic major.
Financial need is calculated by a standard federal formula:
Estimated Cost of Attendance(COA)
– Expected Family Contribution(EFC)
= Financial need
Your cost of attendance includes tuition, fees, room and board, books and supplies and other school-related expenses.
Your Expected Family Contribution(EFC) is what the federal government expects you and your family to contribute toward your educational expenses.
Your EFC is calculated when you complete the Free Application for Federal Student Aid (FAFSA).Your EFC is not the amount you must pay your school.
Some financial aid programs base awards on academic achievement, abilities (like athletic or artistic talents) or your academic major. Eligibility for each of these programs normally is based on standards determined by the school, a state agency or a private organization.
Prospective Students: Please read Student Rights and Responsibilities BEFORE you apply.