It has been great to listen to from therefore many excited admitted students, but we know that lots of families still have lingering aid that is financial. We thought it could be helpful to compile a summary of the common questions we have received and have the workplace of Financial Aid respond. Please see the post below for answers to common questions you may have about educational funding at USC:
Why is the EFC dependant on 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 give, Stafford Direct and Perkins Loans, and Federal Work-Study), using a formula called Federal Methodology (FM). FM takes into consideration:
• Total earnings (taxable and nontaxable).
• resource equity (not including the household’s home and/or business or farm, if the family is just a majority owner with less than 100 employees).
• Allowances for basic bills and retirement.
• Family size and quantity of children in college.
Eligibility for university grant funding and other college aid that is need-based determined by taking into account the extra data provided on your CSS PROFILE, federal income tax information along with other supporting documents, utilizing a formula known as Institutional Methodology (IM). This formula may include some sources of untaxed income also house and business or farm equity. In addition, certain