Wondering how your financial aid award is determined? The financial aid office at your school uses a simple formula: COA-EFC = Financial need. What that means.
What is Cost of Attendance?
The cost of attending Marywood University includes both direct costs and indirect costs. Direct costs are those that you will be billed for such as tuition, fees, housing and meal plans. Indirect costs, such as rent at an off-campus apartment, books, or transportation to campus, are associated with going to college but will never appear on your bill from Marywood University. Our indirect costs are based on the typical expenses of a Marywood student. Your indirect costs may vary from these averages.
What is Expected Family Contribution?
When you complete the Free Application for Federal Student Aid (FAFSA), the information that you report (income, assets, number of family members,
What is Financial Need?
Your financial need is the difference between your cost of attendance, as calculated by the institution, and your Expected Family Contribution, as calculated by the FAFSA.
Cost of Attendance – Expected Family Contribution = Financial Need
Will I Receive the Same Awards From Year to Year?
Applying for financial aid is an annual process. You must complete a FAFSA each year for which you are requesting financial aid. If you do not intend to complete a FAFSA and you have an undergraduate merit award, you should complete the Financial Aid Renewal form each year. Your Expected Family Contribution (EFC) and your costs will be reevaluated each year, and as a