How Awards are Determined
Need is the primary determining factor when calculating financial aid. Need is defined as the total Cost of Attendance (COA) minus the Expected Family Contribution (EFC). The EFC is derived from the Free Application for Federal Student Aid (FAFSA) and is calculated using your family's previous year income, if applicable, and other financial information.
If you want to calculate an estimated EFC, go to www.fafsa.ed.gov and click on the FAFSA4caster link. It is important to complete the questions on this estimator as accurately as possible. The EFC that is calculated for you can be used for planning purposes, but it is not guaranteed. The official EFC, calculated after you submit a signed FAFSA, will be used to determine your financial aid.
All financial aid awards for undergraduate students are based on full-time enrollment, regardless of the number of credits the student is enrolled when the aid is determined. If a student is enrolled part-time, the aid will be adjusted accordingly after the add period has ended as determined by the Registrar's Office. A revised award letter will be sent to the student and the aid will be viewable online via the myHaven portal.