Potential Loan Calculation
Your cost of attendance (COA) and your expected family contribution (EFC) will be listed on the Award Notification or the Non-Eligible letter. To determine your eligibility, please print out this page and enter your data in the blanks provided. Refer to the example to guide you through this calculation.
Example:
| Cost of Attendance . . . . . . . . . |
|
$11,454 |
| Estimated family contribution (refer to notification or non-eligibility letter) . . . . . . |
- |
$ 350 |
| Financial Aid award . . . . . . . . . |
- |
$ 1250 |
| Unmet need . . . . . . . . . |
= |
$ 7, 954 |
| Maximum first year subsidized loan amount . . . . . . |
- |
$ 2, 625 |
| Remaining unmet need . . . . . . . . . |
= |
$ 5, 329 |
| EFC (2) . . . . . . . . . |
+ |
$ 350 |
| Remaining costs . . . . . . . . |
= |
$ 5, 679 |
| Independent student unsubsidized loan . . . . . . . . . |
- |
$ 4, 000 |
| Remaining Unmet Cost |
= |
$1, 679 |
Unmet need worksheet:
| Cost of Attendance . . . . . . . . . |
|
$ _____ |
| Estimated family contribution (refer to award notification or non-eligible letter) . . . |
- |
$ _____ |
| Financial Aid award . . . . . . . . . |
- |
$ _____ |
| Unmet need . . . . . . . . . |
= |
$ _____ |
| Maximum first year subsidized loan amount . . . . . . |
- |
$ _____ |
| Remaining unmet need . . . . . . . . . |
= |
$ _____ |
| EFC (2) . . . . . . . . . |
+ |
$ _____ |
| Remaining costs . . . . . . . . |
= |
$ _____ |
| Independent student unsubsidized loan . . . . . . . . . |
- |
$ _____ |
| Remaining Unmet Cost |
= |
$ _____ |