Financial need helps the financial aid office calculate what types of resources, such as need-based grants, they can offer to assist you with the cost of your college education. Need is determined by the following formula:

1. Cost of Attendance is calculated by the individual school. Cost of attendance usually consists of tuition and fees, room and board, books and supplies, transportation to and from school, and miscellaneous expenses
2. Expected Family Contribution (EFC) can be determined by the FAFSA (Federal Methodology) and/or the school's own formula (Institutional Methodology).