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A student must be admitted into the University as a degree-seeking student in an eligible curriculum in order to be considered for financial aid.
In determining the eligibility for financial assistance, the Office of Student Financial Aid is guided by the data supplied by the parents and/or student on the FAFSA, which determines the contribution that is expected from family resources and the student’s estimated expenses known as the Cost of Attendance (COA). The university attempts to provide the difference between the cost of attendance and the Expected Family Contribution (EFC) when awarded Need Based Aid.
The following formula is used to determine a student’s Financial Need:
Cost of Attendance (COA)
(- minus) Expected Family Contribution (EFC)
= Financial Need (Need Based Aid)
In some cases, there is aid available to assist in fulfilling the EFC in the form of a Federal Direct Unsubsidized Stafford Student Loan or a Federal Direct PLUS loan for parents of dependent students. Financial aid packages may not exceed the student’s cost of attendance.
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