Financial Need Analysis

Benefits of a financial Need Analysis

How To Calculate Your Financial Needs

The Financial Needs is calculated by taking your Cost of Attendance Amount (tuition, fees, room & board, books, personal expenses, travel) and subtracting your Expected Family Contribution Amount (EFC). This difference will help you arrive at your financial need.

Additional Resources...

Go to www.fafsa.ed.gov and look on the lower right part of the screen where you can click on "The FAFSA4caster." Enter the numbers from parent and student taxes into this formula to arrive at your Expected Family Contribution (EFC). In Chapter 3 of the College Money Manual for strategies to lower your Expected Family contribution and increase financial aid.