Financial Aid Eligibility & Awarding Criteria

How is Financial Aid Eligibility Determined?

We use the following formula to determine your eligibility for financial aid:

Cost of Attendance - Expected Family Contribution = Financial Aid Eligibility

  1. Cost of Attendance — Cost of attendance (COA) is the figure provided by colleges and/or college financial offices that estimates the total costs of attending that particular school for a period of one year.
  2. Expected Family Contribution — The Expected Family Contribution (EFC) is a measure of your family's financial strength and is calculated according to a formula established by law. Your family's taxed and untaxed income, assets, and benefits (such as unemployment or Social Security) are all considered in the formula.

Financial aid awards are subject to available funds. All financial aid applicants must:

  1. Apply for admission to the college.
  2. Have a high school diploma, GED or have completed a secondary school education in a home school setting that is treated as a home school or private school under State law.
  3. Pursue a college degree or certificate that is financial aid eligible.
  4. Meet satisfactory academic progress policy standards.
  5. Not be in default on a loan or owe a repayment of grant funds.