How Much Financial Aid Can I Get

How Much Financial Aid Can I Get?

How much aid you get depends on:

•  Your financial need;

•  Your cost of attendance (total amount it will cost you to go toschool); and

•  Your enrollment status (that is, full-time, half-time, etc.).

Calculating your financial need

Aid for most of our programs is awarded based on financial need (except for Direct Unsubsidized Loans, Direct PLUS Loans, and
TEACH Grants.  The EFC is the number used to determine your federal student aid.

Calculating Your Financial Need

Your Expected Family Contribution (EFC) is used to determine your financial need:

                  Cost of Attendance
               – Expected Family Contribution
                =Financial Need

Understanding your Expected Family Contribution (EFC)

  • The EFC is calculated using information you report on the FAFSA, according to a formula established by law.
  • Your family's income and assets are considered in determining your EFC. Your family size and how many will be attending a college or career school also are considered.
  • Your EFC will appear on the Student Aid Report (SAR) you receive from the Department after you file your FAFSA.
  • To determine your financial need for federal student aid programs (except for a Direct Unsubsidized Loan), your school subtracts the Expected Family Contribution (EFC) from your cost of attendance.

You can get detailed worksheets of the EFC formula at Click on the year under The EFC Formula, or you can call the Federal Student Aid Information Center at 1-800-4-FED-AID (1-800-433-3243).