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Determining Aid Eligibility

Expected Family Contribution (EFC)

Your EFC is a number that Gateway Technical College's Financial Aid staff use to determine how much financial aid you would receive if you were to attend Gateway Technical College. The information you report on your FAFSA is used to calculate your EFC.

The EFC is calculated according to a formula established by law. Your family's taxed and untaxed income, assets, and benefits (such as unemployment or Social Security) all could be considered in the formula. Also considered is your family size and the number of family members who will attend college or career school during the year. The EFC Formula guide shows exactly how an EFC is calculated.

Note: Your EFC is not the amount of money your family will have to pay for college, nor is it the amount of federal student aid you will receive. It is a number used by your school to calculate how much financial aid you are eligible to receive.

Cost of Attendance (COA)

Cost of attendance (COA) is total amount it will cost you to attend Gateway Technical College for a specific period of time. Your cost of attendance is not the amount you will be billed – it is an amount used to calculate your financial need. COA includes tuition and fees; room and board (or a housing and food allowance); and allowances for books, supplies, transportation, loan fees, and personal expenses. It also includes miscellaneous and personal expenses, including an allowance for the rental or purchase of a personal computer; costs related to a disability; and reasonable costs for eligible study-abroad programs. For students attending less than half-time, the COA includes tuition and fees and an allowance for books, supplies, transportation, and personal expenses.

Determination of Financial Aid

Once your FAFSA and any supporting information is received, your financial situation will be analyzed.

  • First, the results of your Student Aid Report (SAR) and your "Expected Family Contribution" or "EFC" (the amount you and your family are expected to be able to contribute to the cost of your education according to the standard Federal formula) are reviewed.
  • Second, your enrollment status, living situation and other relevant factors are used to determine a "Cost of Attendance" budget. This budget reflects the average costs of attending Gateway Technical College for a term and/or academic year.
  • Third, your Expected Family Contribution (EFC) is subtracted from your Cost of Attendance Budget and the difference of the two is your demonstrated financial need. Your EFC and demonstrated financial need determines your financial aid eligibility.