Your (School Funding) Questions: Answered!

Your (School Funding) Questions: Answered!



It has been great to hear from therefore many excited admitted students, but we know that many families still have lingering financial aid questions. We thought it would be beneficial to compile a summary of the common questions we have received and have the workplace of educational funding respond. Please see the post below for answers to questions that are common may have about school funding at USC:

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

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

• Total income (taxable and nontaxable).
• resource equity (not such as the family’s home and/or business or farm, if your family is really a bulk owner with less than 100 employees).
• Allowances for basic living expenses and retirement.
• Family size and quantity of children in college.

Eligibility for university grant funding and other college aid that is need-based determined by taking into account the additional data provided in your CSS PROFILE, federal income tax information as well as other supporting papers, making use of a formula referred to as Institutional Methodology (IM). This formula may include some sources of untaxed income as well as home and business or far Read More …