Question

How is my financial need determined?

Answer

Your financial need relates to both your family's income/stability and the schools that you are considering.  Each student has an expected family contribution (how much they're expected to put down for educational expenses).  Combine that with the price tag of various schools and you can get an idea of how much aid you will require.  Simply put, your financial need is the difference between what you can pay toward school and what school actually costs.

Categories: Financial Aid
Tags: cost of attendance efc financial need

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