What is the Income Cut-Off to Receive Financial Aid?

Financial aid is characterized as either need based or non-need based. The Financial Aid Office determines if the expected family contribution (EFC) is less than the cost of attendance (COA). The EFC, which is calculated using a formula established by the Department of Education and is based on several economic factors: income, assets, number of family members in household.

There is no exact cut off to qualify for financial aid. Families who do not demonstrate need may still be eligible for non-need based financial aid loan programs.