Financial aid eligibility for U.S. students is determined according to federal guidelines.
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.
EFC stands for Expected Family Contribution. Your EFC is determined by the federal goverment. 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.