How Financial Need is Determined
Academic Year Budgets (Cost of Attendance)
How does your Financial Aid Office decide how much financial aid you need in order to attend?
Your need for Financial Aid at Evergreen is determined by subtracting your Expected Family Contribution (EFC) as calculated from your FAFSA from the Cost of Attendance (COA):
Cost of Attending Evergreen (COA) - Expected Family Contribution (EFC) = Financial Need
The budget for the Cost of Attendance (COA) at Evergreen encompasses tuition and fees and other important costs like room and board, transportation, books and supplies, etc.
The amount of contribution toward your living expenses that you, the student, and when applicable, your family can contribute is called the expected family contribution. This amount is determined by the federal processor from the information you submit on your Federal Application for Student Aid (FAFSA). You will see it on your Student Aid Report (SAR).
Need-Based financial aid (examples are grants, work-study and subsidized student loans) can be offered only to meet the gap (financial need) between the expected family contribution and the cost of attendance at Evergreen.
Non-Need-Based financial aid (examples are PLUS Loan and unsubsidized student loan) can be offered to meet the gap between need-based aid that you are offered and the cost of attendance at Evergreen.