Financial Need

Financial Aid eligibility is determined from the EFC, or Estimated Family Contribution. The EFC is determined by the U.S. Department of Education when you file your Free Application for Federal Student Aid (FAFSA). The EFC is the amount that the Department of Education has determined that you or your family can reasonably contribute to your educational costs.

The Office of Financial Aid and Veteran Services determines a financial aid budget for each award year. Your need is considered to be your budget minus the EFC. When determining student loan eligibility, your need is considered to be the your budget minus the EFC and other aid received.

Financial Aid Budgets for the 2011-2012 award year:
Breakdown of costs to attend college Student living with parents Not living with parents
Books/supplies $ 1,000 $ 1,000
Transportation $ 1,530 $ 1,530
Tuition & Fees $ 3,202 $ 3,202
Misc. personal $ 1,458 $ 1,458
Room and Board $ 1,500 $ 12,418
Total:    
Full Time (12 + hours) $ 8,690 $ 19,608
¾ Time (9 to 11 hours) $ 6,802 $ 17,720
½ Time (6 to 8 hours) $ 5,525 $ 16,443
Less than ½ Time (1 to 5 hours) $ 2,369 $ 2,369