monticello high school seminar paying for college
TRANSCRIPT
Determining Financial Need The FAFSA and other
applications are used to determine the Estimated Family Contribution (EFC)
Schools use the EFC to determine eligibility for need-based financial aid and to prepare an award package.
Cost of Attendance less EFC = Financial Need
Financial aid is…
Funds provided to students & families to help pay for postsecondary educational expenses. These include:
Scholarships/Grants = Free Money
Work Study = Must work to earn funds.
Loans = Must pay back
Need-based award that provides an opportunity to work at your school and earn money to help pay for educational expenses.
Work Study