Financial Aid Formula
The Financial Aid Formula, which is calculated by the FAFSA, looks like this:
Cost of Attendance:How much college will cost.Expected Family Contribution:
This includes tuition & fees, books and supplies, room and board, etc.
How much your family is expected to pay for your college education.Financial Need:
This is determined from the FAFSA.
How much financial aid (grants, scholarships, loans, etc.) you are likely to receive. For students who are not eligible for tuition waivers, grants, scholarships, and student employment — or for students who are eligible and need additional financial assistance — low-interest student loans guaranteed by the federal government offer an affordable way to help pay for college.
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