It has been great to hear from therefore many excited admitted students, but we know that many families still have lingering financial aid questions. We thought it would be beneficial to compile a listing of the questions that are common have received and have actually the workplace of Financial Aid respond. Please see the post below for responses to common concerns you may have about financial aid at USC:
Why is the EFC based on USC various than the EFC reported on FAFSA?
The information you provided on the FAFSA is used to calculate eligibility for federal student aid (including Pell give, Stafford Direct and Perkins Loans, and Federal Work-Study), using a formula referred to as Federal Methodology (FM). FM takes into consideration:
• Total income (taxable and nontaxable).
• Asset equity (not like the family members’s home and/or business or farm, if the household is just a majority owner with not as much as 100 employees).
• Allowances for basic bills and retirement.
• Family size and number of children in college.
Eligibility for university grant funding and other university aid that is need-based determined by taking into account the excess data provided on your CSS PROFILE, federal income tax information and other supporting papers, using a formula known as Institutional Methodology (IM). This formula may include some sources of untaxed income in addition to business and home or farm equity. In additi Læs resten