1. Coordinator of Financial Literacy & Advising DeLucaL2@southernct.edu
Financial Aid 101
Lew DeLuca
Coordinator of Financial Literacy & Advising

2. EFC (estimated family contribution)
Applications
FAFSA (free application for federal student aid)
Complete October 1 annually
CSS Profile (fee application for non federal financial aid)
EFC (estimated family contribution)

3. Cost of Attendance (COA)
Direct costs
Tuition & Fees
Room & Board (live on campus)
Indirect costs
Room & Board (live home/off campus)
Books & Supplies
Personal & Transportation

4. Award Elements Scholarships (gift aid, merit based)
Awarded by college, state or private
Grants (gift aid, need based)
Awarded by government, state or college
Loans (self-help aid, pay back with interest)
Awarded government, bank or college
Work Study (usually not posted to bill)
Awarded by college

5. Sample Awards Private 4 yr. College Public 4 yr. College
Cost of Attendance
$70,000
$30,000
$13,000
EFC
Financial Need
Federal Pell Grant
$5,920
Federal SEOG Grant
$3,000
$500
$400
College Scholarship
$14,000
Fed. Work-Study
$2,000
$5,000
Stafford Sub. Loan
$3,500 $0
Stafford Unsub. Loan
Parent PLUS Loan
$38,580
$13,080

6. Next Steps Good luck and thank you! Submit FAFSA October 1 annually
Apply for private scholarships monthly
Work and save each summer
Consider commuting if costs prohibit graduation
Appeal Financial Aid awards if special circumstances
Good luck and thank you!