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Your (Educational Funding) Questions: Answered!

Your (Educational Funding) Questions: Answered!

It has been great to hear from therefore many excited admitted students, but we know that lots of families still have lingering aid that is financial. We thought it could be helpful to compile a summary of the questions that are common have obtained and have actually the workplace of educational funding respond. Please see the post below for responses to common questions you may have about financial aid at USC:

Why is the EFC determined by USC various than the EFC reported on FAFSA?

The information you provided on the FAFSA is used to calculate eligibility for federal student aid (including Pell Grant, Stafford Direct and Perkins Loans, and Federal Work-Study), using a formula referred to as Federal Methodology (FM). FM takes into consideration:

• Total income (taxable and nontaxable).
• Asset equity (not including the family members’s home and/or business or farm, if your family is just a bulk owner with not as much as 100 employees).
• Allowances for basic cost of living and retirement.
• Family size and quantity of children in college.

Eligibility for university grant funding and other college need-based aid is determined by taking into account the extra data provided on your CSS PROFILE, federal income tax information and other supporting papers, utilizing a formula referred to as Institutional Methodology (IM). This formula may include some sources of untaxed earnings as well as business and home ادامه مطلب