The Cost of Attendance consists of the direct costs for a program, such as tuition and fees, as well as estimated living expenses for the period of enrollment/term.
A student’sExpected Family Contribution (EFC)is an index number found on yourprocessed FAFSA/Student Aid Reportthat is calculated by the government according to a formula established by law. This formula takes into account various factors such as income, assets, benefits received, family size, and number of family members in college. The EFC, despite its name, is not the amount of money a student will have to pay for college nor is it the amount of aid you will receive. It is a number that is used in the eligibility formula for how much aid a student can receive.
From this link you can view a chart explaining the financial aid programs offered by THSU, as well as the maximum amounts students may be eligible to receive.
Yourfinancial needdetermines how much need-based aid, if any, you may be eligible to receive. Need-based aid may not exceed the amount of your financial need.
Financial need is calculated by subtracting your EFC from your Cost of Attendance.
COA – EFC = Financial Need
Example: If your COA is $10,000 and your EFC from the FAFSA is $2500, then your financial need is limited to $7,500.
For determiningnon-need-based aidamounts, such asDirect Unsubsidized LoansandParent PLUS/Grad PLUS loans, any other financial aid you’ve already been awarded (Estimated Financial Assistance, or EFA), such as private scholarships or Federal Work-Study, is subtracted from your Cost of Attendance. Non-need-based aid is NOT based on your EFC.
COA – EFA = Non-Need-Based Aid Eligibility
Example: If your COA is $10,000 and you’ve been awarded $3000 in need-based aid via Federal Work-Study, then you can receive up to $7,000 in non-need-based aid, such as by borrowing an Unsubsidized Direct Loan, subject toannual loan limits.
No. Federal guidelines restrict a student’s ability to receive more than the Cost of Attendance established by a school. However, THSU will authorize a student to request aProfessional Judgmenton account ofSpecial Circumstances– which is an increase to their individual COA budget for expenses not covered in the COA. Uncovered expenses include childcare expenses, vehicle repairs, medical and dental expenses not covered by the student’s health insurance plan, and a one-time only computer replacement.Professional Judgment requests for an increase to an individual’s COAmust be accompanied by the requisite receipts and documentation. Final decision-making authority rests with the THSU Financial Aid Office and the decision cannot be appealed to the Department of Education. Likewise, a request is not guaranteed to be granted, but will be considered when proper documentation has been submitted.
For further information about requesting a Professional Judgment, please contact the THSU Financial Aid Office.