tulips_560
study_handface_560
560-4
twostu_hand_560
Financial Aid: Keeping USF Affordable
Financial Aid: Understanding the Cost of Tuition

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 Direct Stafford 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 Direct Stafford 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