The good news is that almost every student is eligible for some form of financial aid regardless of income or circumstances, provided that you:
- Are a U.S. citizen, a U.S. national, or an eligible non-citizen;
- Have a valid Social Security Number;
- Have a high school diploma or GED;
- Are registered with the U.S. Selective Service (if you are a male aged 18-25);
- Complete a FAFSA promising to use any federal aid for educational purposes;
- Do not owe refunds on any federal student grants;
- Are not in default on any student loans;
- And have not been found guilty of the sale or possession of illegal drugs during a period in which federal aid was being received.
Your eligibility for the various forms of financial aid is dependent on your overall financial need. The Free Application for Federal Student Aid (FAFSA) is used to determine what type of federal financial aid you qualify for, and how much assistance you can receive.
The FAFSA is used to calculate your Expected Family Contribution (EFC), or how much you are expected to contribute towards your education.
The Expected Family Contribution is subtracted from a school’s unique Cost of Attendance (COA) total, which includes tuition, fees, room and board, transportation, and other related costs. This will determine your overall financial need. (COA – EFC = Financial Need)
For more information on Eligibility Requirements, click here.