When you apply for federal student aid by completing the Free Application For Federal Student Aid (FAFSA), the information that you report (income, assets, number of family members, number in college, etc.) is applied to a formula established by the U.S. Congress. The formula calculates your family's ability to pay for your educational expenses, and produces a figure that is referred to as your Expected Family Contribution (EFC).Your financial need is the difference between your cost of attendance, as calculated by the institution, and your Expected Family Contribution. This calculation is often expressed as follows:

Cost of Attendance - Expected Family Contribution = Financial Need

The Office of Financial Aid at St. Augustine's College attempts to meet your financial need with a combination of all aid funds for which you are eligible, providing you with a financial aid package. This package must include all resources available to you from other sources, such as private scholarships, other institutional scholarships awarded from departmental funds, and from other agencies such as Vocational Rehabilitation.

Note: Applying for financial aid is an annual process. You must complete a FAFSA each year for which you are requesting financial aid. Your Expected Family Contribution and your costs will be reevaluated each year, and as a result your financial aid package may change. Meeting St. Augustine's College financial aid application priority date of March 1 is critical to ensuring that your financial aid package is the most favorable package we can offer.

What if your or your family's circumstances change after your FAFSA has been filed?
If your or your parents' financial situation changes, please contact the OFA. We may be able to reevaluate your need for funding based on your changed circumstances. Changes to be reported include the following:

• Loss of employment

• Death or disability of a parent

• Divorce or separation

• Loss of untaxed income (such as child support)