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Browse more FAQs topic: Financial Aid

FAQ: What is financial aid?

Financial aid is money that helps pay the difference between how muchit costs to attend college and how much you and your family (if applicable)are expected to contribute, as determined by a formula established by theU.S. Congress. For example, say it costs $10,000 to attend college for oneyear, and your expected family contribution (EFC) is figured to be $2,000.To determine how much financial aid you may receive, you would subtractthe EFC from the cost of attendance: $10,000 - $2,000 = $8,000 The FinancialAid Office will attempt to fund or provide as much of that $8000 as possiblebased upon federal limitations. Whenever possible, we will attempt to fundthe $2,000 EFC as well.

You can estimate your expected family contribution and subtract that from your cost of attendance.
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