This has been great to hear from therefore many excited admitted students, but we know that many families still have actually lingering aid that is financial. We thought it would be beneficial to compile a listing of the questions that are common have obtained and have actually the workplace of educational funding respond. Please see the post below for answers to common concerns you may have about financial aid at USC:
Why is the EFC based on USC different than the EFC reported on FAFSA?
The information you provided on the FAFSA is used to calculate eligibility for federal student aid (including Pell Grant, Stafford Direct and Perkins Loans, and Federal Work-Study), utilizing a formula referred to as Federal Methodology (FM). FM takes into consideration:
• Total earnings (taxable and nontaxable).
• resource equity (not including the family members’s house and/or business or farm, if your family is a majority owner with not as much as 100 employees).
• Allowances for basic cost of living 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 excess data provided on your CSS PROFILE, federal income tax information along with other supporting papers, making use of a formula referred to as Institutional Methodology (IM). This formula may include some sources of untaxed earni…