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Your (School Funding) Questions: Answered!



This has been great to listen to from therefore many excited admitted students, but we know that numerous families still have actually lingering financial aid questions. We thought it could be beneficial to compile a listing of the common questions we have obtained and have the workplace of Financial Aid respond. Please see the post below for responses to questions that are common may have about educational funding at USC:

Why is the EFC decided by USC various than the EFC reported on FAFSA?

The information you provided on the FAFSA is used to calculate eligibility for federal student aid (including Pell give, Stafford Direct and Perkins Loans, and Federal Work-Study), utilizing a formula called Federal Methodology (FM). FM takes into consideration:

• Total earnings (taxable and nontaxable).
• Asset equity (not like the family’s house and/or business or farm, if your family is really a majority owner with lower than 100 employees).
• Allowances for basic bills and retirement.
• Family size and quantity of children in college.

Eligibility for university grant funding and other university aid that is need-based determined by firmly taking into account the extra data provided on your CSS PROFILE, federal income tax information as well as other supporting documents, utilizing a formula referred to as Institutional Methodology (IM). This formula may include some sources of untaxed earnings also business and home Read more »