Office of Financial Aid

Financial Need

Your financial need is determined using your COA and your Estimated Family Contribution (EFC). The EFC is the result of a formula developed by the U.S. Congress that calculates the information you submit on your FAFSA. Your EFC is not the amount that you must pay the university.

Formula for calculating financial need:
Cost of Attendance (COA)
- EFC
- Any outside resources
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= Financial Need

You must have financial need in order to be eligible for need based financial aid. Please see Types of Aid for more information on need based and non-need based aid types.