When your FAFSA is processed, a formula developed by Congress is applied to the information you provided. The outcome of this formula is called the Expected Family Contribution (EFC). When calculating your EFC, factors such as student income, assets, household size and number in college will be used.
To determine your need for the year, we take your annual cost of attendance and subtract your EFC. We then use a combination of any assistantships, grants, scholarships and loans to meet the need.