When the Federal Processor completes the analysis of your information, you will receive a Student Aid Report (SAR). On this report the government will provide data regarding your Expected Family Contribution (EFC). It is what the Federal Government has determined that your household contributes towards your education, based on the information you provided on our FAFSA. The Office of Student Financial Aid will then compute your financial need by taking the Cost of Attendance estimate for your program (which is primarily a function of how many credits you are taking, your planned housing status, and whether or not you are a Florida resident etc.), subtract from this the EFC, and arrive at a determination of financial need.
COA (Cost of Attendance) - EFC (Expected Family Contribution) = NEED
You may be awarded combinations of fee waivers, grants, scholarships, subsidized loans up to this need level, depending on the availability of funds. These are defined as need based programs.
