Middlebury Institute of International Studies at Monterey

Aid Eligibility

Students take notes while listening to a presentation in class.

Financial aid eligibility for U.S. students is determined according to federal guidelines.

To be eligible for Federal financial aid, you must be:

  • A US citizen, permanent resident, or eligible non-citizen with a valid Social Security Number
  • Admitted to a degree-seeking program
  • In good standing on previous student loans (not in default)
  • Enrolled at least half-time
  • Registered with the U.S. Selective Service, if required
  • Maintaining satisfactory academic progress

Federal Needs Analysis Formula

We use the Federal Needs Analysis Formula to determine the amount of federal financial aid to award.

Equation: Cost of Attendance - Expected Family Contribution (EFC) = NEED.

Your Expected Family Contribution (EFC) is subtracted from the total cost of attendance to determine your eligibility for need-based federal financial aid such as grants, federal work-study, and subsidized loans. However, even if you have zero need as defined by the federal guidelines, you may be eligible for certain student loans, such as the Federal Unsubsidized Stafford loan, Federal Graduate Plus loan, and private loans. We encourage all students to apply for aid.

How Expected Family Contribution is Determined

EFC stands for Expected Family Contribution. Your EFC is determined by the federal government. Your expected contribution is calculated from the information provided on the FAFSA, such as your income (and your spouse’s income, if you are married), household size, assets, and investments. When submitting the FAFSA online, a confirmation page will display the student's EFC.