Financial Aid and Scholarships
Federal, state and private funds to help eligible families afford the cost of higher education.
Types of Financial Aid
How is Financial Aid Calculated
- All colleges use a simple formula to determine financial-need: Cost of Attendance (COA) - Expected Family Contribution (EFC) =Financial Need
- Cost of Attendance (COA) includes tuition, fees, books, supplies, housing, meals, and personal expenses.
- Expected Family Contribution (EFC) is the amount the Federal Government determines a family can contribute towards their child's education. The EFC is calculated from income and assets reported by parents and student.
How to Apply for Financial Aid
For Federal Aid: Submit the Free Application for Federal Student Aid (FAFSA). This application is free.Find it here: www.fafsa.ed.gov
Gateway holds an annual Financial Aid workshop in January/February. Check the Communigator and Gateway’s website for announcements.
Helpful Websites with Financial Aid Information