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How Your Award is Calculated


To determine the types and amounts of financial aid a  student is eligible to receive our office must take into account the  student’s Expected Family Contribution (EFC), Estimated Cost of  Attendance (COA), current grade level and merge this information in the  federal and state aid program parameters.




Expected Family Contribution


The Expected Family Contribution is a measure of your family's  financial strength and is calculated according to a formula established  into law by the Department of Education. Your family's taxes, untaxed  income, assets, and benefits such as unemployment are all considered in  the formula.  Also considered are your family size and the number of  family members who will attend college during the academic year. Your  EFC is not the amount of money your family will have to pay for college  nor is it the amount of federal student aid you will receive.  It is a  number used by to calculate the amount of Federal and State aid a  student is eligible to receive.




Estimated Cost of Attendance


The  Estimated Cost of Attendance is an estimate of the amount of money  required to attend ECU for one year (fall and spring). This amount  includes tuition and fees, room and board(meals), books and supplies,   transportation, personal expenses, health insurance (if applicable), and  a loan fee.


Federal and State aid program  regulations prohibit awarding and disbursement of aid over the cost of  attendance.  If you have costs exceeding the estimated amount of  expenses due to extenuating circumstances you may wish to submit the Request to Consider Additional Cost form.




Unmet Financial Need


Unmet  Financial Need is determined by subtracting your EFC from your COA.  Financial need is the maximum amount of need based aid a student is  eligible to receive.

    Estimated Cost of Attendance$15,000
    Expected Family Contribution-$3,000
    Financial Need$12,000