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Formula
Eligibility Calculation
This page explains the calculation to determine student's
eligibility for Subsidized and/or Unsubsidized Student loans.
To qualify for a Federal Stafford (Direct or FFEL) Subsidized
Loan, a student must have financial need, which is determined by the
following formula:
| Cost of Attendance (COA) |
| - Expected Family Contribution (EFC) |
| - Estimated Financial Aid (EFA) |
| ______________________________ |
| = Eligibility for Stafford Subsidized Loans |
The school establishes the COA in compliance with federal guidelines. The EFC
is calculated using financial information the student's family provides on the
Free Application for Federal Student Aid (FAFSA), the only application a student
needs to apply for Federal Stafford Loans. The EFA includes the amount of other
aid the student will receive for a given period.
To qualify for a Federal Stafford (Direct or FFEL) Unsubsidized Loan ,
a student does not need to have financial need, the following formula determines
the student's eligibility:
| Cost of Attendance (COA) |
| - Estimated Financial Aid (EFA) |
| __________________________________ |
| = Eligibility for Stafford Unsubsidized Loans |
Proceeds from Stafford Unsubsidized Loans may be used to replace the EFC for
a given period.
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