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Your (Educational Funding) Questions: Answered!

Thursday, February 13th, 2020

Your (Educational Funding) Questions: Answered!

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

Why is the EFC decided by USC various than the EFC reported on FAFSA?

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

• Total earnings (taxable and nontaxable).
• Asset equity (not including the household’s home and/or business or farm, if the family is a bulk owner with not as much as 100 employees).
• Allowances for basic cost of living and retirement.
• Family size and number of children in college.

Eligibility for university grant funding and other university need-based aid is determined casinopokies777.com by firmly taking into account the additional data provided in your CSS PROFILE, federal income tax information as well as other supporting documents, utilizing a formula referred to as Institutional Methodology (IM). This formula may include some sources of untaxed income also business and home (more…)