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Need Analysis Calculation Worksheet

 

Williston State College recognizes that the cost of an education plays a major role in a student's decision-making process. Following is information needed to make an estimated determination of your eligibility for federal financial aid.

The formula that is used to determine eligibility for need-based aid is, actually, quite simple. We determine your Cost of Attendance (COA) and subtract from it the Expected Family Contribution (EFC) and grants/scholarships or other aid you may be receiving. The difference is the Estimated Financial Need, which is the figure we try to meet with available need-based aid, including grants, scholarships, work-study, and/or loans. The EFC can be obtained from the Student Aid Report (SAR) if you have received one in response to your processed FAFSA or Renewal Application. If you have not applied for federal aid, as of yet, you may find the EFC Estimator helpful in providing an estimated EFC.