Determining Award Amounts
Each application for assistance is reviewed to determine the student's eligibility for all types of financial aid. The Free Application for Federal Student Aid (FAFSA) is the primary document used by Fisher College to collect information on a family's financial situation and determine financial need.* The same standards are applied to all applicants. Your Offer of Financial Assistance is derived from a number of factors. We begin with the estimated cost of education. From this, we subtract the Expected Family Contribution (EFC),* which is derived from information you submitted on the FAFSA, to arrive at your financial need.
*Financial Need - The difference between the cost of education and the expected family contribution is your financial need. It is Fisher College's intent to meet as much of a student's financial need as available funds will allow. An aid package may include a combination of grants, loans, and work-study.
*Expected Family Contribution (EFC) - The primary responsibility for financing an education rests with students and their families. Institutional, federal, and state assistance is intended to be a supplement for families who need assistance meeting these costs.