Financial aid is awarded on the basis of financial need, except for some student loan programs. When you apply for federal student aid, the information you report is calculated using a formula established by Congress. The formula determines your Expected Family Contribution (EFC), an amount you and your family are expected to contribute toward your education (although this amount may not exactly match the amount you and your family end up contributing). If your EFC is below a certain amount, you may be eligible for a Federal Pell Grant, assuming you meet all other eligibility requirements.
There is not a maximum EFC that defines eligibility for the other financial aid programs. Instead, your EFC is used in the following equation to determine your financial need:
Cost of Attendance (COA) - Estimated Family Contribution (EFC) = Financial Need (FN)
|We calculate your cost of attendance and subtract the amount you and your family is expected to contribute toward that cost. If there is anything left over, you are considered to have financial need. A financial aid package is put together for you that comes as close as possible to meeting your financial need. However, because funding is limited, the amount awarded to you may fall short of the amount of which you are eligible. Also, in determining your need for aid we must first consider other educational resources you are expected to receive during the school year.|
|* California Residents pay the following fees:
Above enrollment fees are based on a 14 unit average per semester.
Out-of-State residents pay tuition fee of $230 per credit unit as well as the in-state Enrollment Fee of $46 per unit and the Non-California Resident Capital Outlay Fee of $14 per unit.
ADDITIONAL EXPENSES – Specialized programs may incur additional expenses.
Contact the Financial Aid Office for more information.
Budgeted expenses are estimated for the purpose of calculating financial aid – actual costs may vary by individual.
|2014-2015 Student College Budget (9 months)|
|Budget Components||With Parents, Without Dependents||All Others|
|Room & Board||$4,599||$11,493|
|Enrollment Fees (Full-Time)||$1,338||$1,338|
|Book & Supplies||$1,746||$1,746|