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Expected Family Contribution (EFC)

- Scholarships/payments, etc.)

= NEED FOR AID

you'll need to complete the Free Application for Federal StudentAid (FAFSA).

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A financial aid package is a collection of different types of financial aid from multiple sources. It is intended to help you fill the gap between your ability to pay, your expected family contribution or EFC, and college costs, or the cost of attendance or COA.

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A financial aid package is a collection of different types of financial aid from multiple sources. It is intended to help you fill the gap between your ability to pay, your expected family contribution or EFC, and college costs, or the cost of attendance or COA.

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c. Describe specific types of financial aid (Scholarships and grants, Merit Awards,

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c. Describe specific types of financial aid (Scholarships and grants, Merit Awards,

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Scholarship academic study or achievement; learning of a high level.

Merit awards -  recognize member magnet schools/programs that demonstrate a high commitment to academic standards, curriculum innovation, desegregation/diversity efforts, specialized teaching staffs, and parent and community involvement.

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Explain the categories of financial aid (Merit-based, Need-based, Gift aid, 

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Explain the categories of financial aid (Merit-based, Need-based, Gift aid, 

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B merited based-scholarships are most commonly awarded one of two ways: a student's connection with an affinity group or for a student's academic, athletic, or artistic ability.

Need based- The financial aid staff starts by deciding upon your cost of attendance (COA) at that school. They then consider your Expected Family Contribution (EFC). They subtract your EFC from your COA to determine the amount of your financial need and therefore how much need-based aid you can get.

Gift aid -- inancial aid that does not require repayment, such as student grants and scholarships.

Self help aid -- work opportunities and loans,

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financial aid helps students and thier families  pay for college