Need-Based Aid

Both the College and the federal government believe that each family should contribute what they can toward college costs.

This amount is often referred to as the “expected family contribution” (EFC) and is determined by completing the Free Application for Federal Student Aid (FAFSA). This EFC is not a literal figure, so it does not reflect the amount you will actually need to pay.

If your family believes it needs help in paying college costs, you should complete the Free Application for Federal Student Aid or “FAFSA.” The “EFC” (estimated family contribution) determined by the FAFSA is not a literal figure and does not reflect the amount you/your family will actually need to pay.

Cost of School - Family Contribution = Financial Need

Need-based financial aid is available in three categories, described below. Other details are found by clicking the link.

• Grants - “Free money” that does not have to be repaid
• Loans - Money borrowed by the student or parent, repaid over several years
• Work-Study - Money earned by working part-time during the year, usually on campus