After your need has been calculated, the school makes an award up to the total amount of your need. Your award may include a combination of grants, scholarships, work-study, or loans. Subtract each institution s financial aid offer from that institution s cost of attendance to determine the amount that you and your family will contribute. An EFC is Expected Family Contribution . You and your family are primarily responsible for your education.
Financial aid is intended to supplement the family s resources.
The need analysis formula considers such things as income, assets, taxes paid, family size, and the number of family members in college. If you are a dependent student based on Federal criteria, your parents resources are also considered. Graduate students must maintain a 3.0 cumulative GPA and complete at least 5 credits per quarter to retain eligibility for federal financial aid. Federal regulations also rquire that graduate financial aid recipients complete their degree or certificate program by the time that have attempted 125 post-baccalaureate credits. Students who have attempted more that 125 credits may appeal through the Financial Aid Office to have eligibility for federal aid reinstated.