DETERMINING STUDENT NEED
Financial need equals the difference between the stated costs of attending the University minus the resources available to the student. Stated costs may include tuition, charges, books, supplies, room, board, expenses, transportation, and the related expenses of a student’s dependents. Resources include parental contributions (if dependent), applicant’s earnings, spouse’s earning, welfare, savings, assets, and other taxable or nontaxable income. In addition, applicants may be expected to provide a reasonable monthly payment from savings or earnings toward meeting the cost of their education.
Through the use of the Estimated Family Contribution calculated by the federal government, a determination is made of the amount of funds the financial aid applicant and/or his/her parents can contribute toward meeting educational costs. Students with a demonstrated need, as calculated by the Financial Aid Administrator, will receive consideration for assistance.