Financial aid is the assistance students can receive from federal, state, institutional and private sources to help pay for a college education. Financial aid usually falls into three categories: grants and scholarships (do not have to be repaid), student loans (must be repaid) and student employment.
How Is Financial Need Determined?
To determine the need for financial aid at
Using the information reported on the FAFSA, the processor calculates the expected family contribution.
Determining a student's eligibility for aid involves three basic components:
COST OF EDUCATION - FAMILY CONTRIBUTION = NEED