How Financial Aid Eligibility is Determined

 

To be eligible for student aid programs, you must:

  • Have a high school diploma or a General Education Development (GED) certificate, pass a test approved by the US Department of Education, meet other standards your state establishes that are approved by the US Department of Education
  • Complete a FAFSA application online. Must not be in DEFAULT on any student loan, or owe a grant REPAYMENT.
  • Note: you must MAINTAIN Satisfactory Academic Progress throughout your attendance.
  • Note: Men must be registered before they can receive Federal or State financial aid for school, including loans and grants. Registration forms are available at any post office or males can register on-line by visiting the Selective Service System home page.

A student’s eligibility for financial aid begins with his or her financial need (except for Unsubsidized Stafford and all
PLUS and Consolidation loans). Financial need/eligibility is the difference between the cost of college and what the student/parents are
expected to pay. Family contribution values are based upon the information
the student provides on the FAFSA. The cost of education includes tuition,
fees, books, food and housing, educational transportation and
miscellaneous personal expenses.

Cost of Education/Attendance – Student/Parent (Family) Contribution = Financial Need

The formula described above is established by Congress.
If your family contribution is below a certain amount, you’ll be eligible
for a Federal Pell Grant, assuming you meet all other eligibility
requirements. Your financial aid administrator calculates your cost of
education and subtracts the amount your family is expected to contribute.
If there is anything left over, you are considered to have financial need.

*The information on this page is based off the information provided in the Federal Student Aid Handbook.