Cost and Need Formulas for Aid
Your aid awards are based on an analysis of the information you provide on
your Free Application for Federal Student Aid (FAFSA) and the following aid formulas.
Estimated family contribution (EFC): amount of money that the family is expected to contribute to your education. Determined by need analysis as a result of your FAFSA.
Cost of attendance (COA): the anticipated expenses to attend school that include tuition, fees, housing, transportation, books and supplies and personal expenses. The COA is a standard figure calculated by the University. See the undergraduate budgets or graduate and professional budgets for current estimated Cost of Attendance (COAs.)
Need-based aid eligibility : COA minus EFC equals need-based aid
Non need-based aid eligibility : COA minus need-based aid equals non need-based aid
You are considered for aid according
to your need in the following order: scholarships and grants (gift aid), state
and federal work-study, subsidized loans, and finally, unsubsidized loans.
If
you do not qualify for University loan funds, you may meet criteria for private loans from a commercial
lender.
Need-based funds
Non-need based funds
