Financial Aid Award Calculation

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Your overall eligibility for financial aid is determined by the following calculation:

Cost of Attendance - Expected Family Contribution (EFC) = Financial Need

The cost of attendance budget for the period covered by the financial aid award is comprised of the following:

  • Tuition & Fees
  • Room & Board
  • Books & Supplies
  • Transportation
  • Miscellaneous Expenses

These budgets will vary in total amounts depending on the number of hours for which you are enrolled, your class standing and where you plan to live. For the 2012-2013 academic year, a typical full-time,undergraduate budget is:

On-Campus

On Campus In State Out of State
Tuition $5,880 $17,472
Fees 304 304
Room & Board 7,338 7,338
Books & Supplies 1,212 1,212
Transportation 300 300
Misc. Expenses 1,582 1,582
Loan Fees 64 64
Total $16,680 $28,272

Off-Campus

Off Campus In State Out of State
Tuition $5,880 $17,472
Fees 304 304
Room & Board 11,166 11,.166
Books & Supplies 1,212 1,212
Transportation 652 652
Misc. Expenses 1,582 1,582
Loan Fees 64 64
Total $20,860 $32,452

The Expected Family Contribution (EFC) is calculated by the U.S. Department of Education as prescribed by the United States Congress. The data submitted on the FAFSA is used to determine your EFC. You will see this result printed on the Student Aid Report (SAR) that you will receive after your FAFSA is processed.

Once your need is determined, a financial aid package is prepared from the aid programs that are available. All applicants will be considered for all forms of financial aid available. The criteria for selection will vary with the level of funding for each program, the program guidelines, and your level of financial need.