Financial need represents the difference between the
Cost of Education and the Expected Family Contribution (EFC).
Cost of Education
- Expected Family Contribution
= Financial Need
The student and his or her family are expected to contribute to the cost of education
using earnings, assets, and savings to the extent that they are able. The U.S. Department
of Education calculates the Expected Family Contribution (EFC) using the Federal
Methodology and data the student and family provide on the Free Application for Federal Student Aid (FAFSA). The Federal
Methodology takes into account such factors as income, assets, family size and number
The SFCC Financial Aid Office staff reviews the FAFSA information and other data
submitted to resolve any conflicting information. The SFCC Financial Aid Office
staff awards grant, work and loan assistance based on the student’s basic and program
Students cannot receive aid from all sources that exceeds the Cost of Education.