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Financial Aid Criteria Formula


Your financial need is determined with the following formula, after you have filed the FAFSA:

 

Cost of Attendance (COA)

The institution you attend determines the cost of attendance.

minus

Expected Family Contribution (EFC)

The information you release on your FAFSA determines your Expected Family Contribution (EFC). The primary responsibility for paying for school rests with the family.

equals

Unmet Financial Need

 

 

Financial Aid Estimators and Calculators

The links below are some tools to help you estimate your financial aid eligibility as well as how high or low your monthly loan repayments might be. The payment calculators will help with estimated payments only. The payments may change, depending on the interest rate.

Estimate Your Expected Family Contribution (EFC) and Financial Need

Calculate Your Monthly Loan Payments - Interactive Calculators

Calculate Your SELF Loan Monthly Payments - (Minnesota Office of Higher Education Calculators and Estimators)

The SmartStudentTM Guide to Financial Aid - Calculators

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Last modified on 03/03/08 11:54 AM