Most financial assistance awarded by the Office of Financial Aid & Scholarships (OFAS) is based on financial need as determined by a careful review of the resources of the student and of the student's family.
Need for financial aid is determined by the following calculation:
Cost of Attendance Budget (COA) - Expected Family Contribution (EFC) = Financial Aid Eligibility (Need)
To determine the Expected Family Contribution (EFC), the calculation formula used is the Federal Methodology as mandated by the U.S. Congress. By completing the Free Application for Federal Student Aid (FAFSA), the student’s family contribution is calculated and reported on the Student Aid Report (SAR) which is emailed or mailed to the student’s home by the federal processor.