Upon your admittance to McDaniel College, your completed FAFSA will be reviewed by the Financial Aid Office in order to determine your need for financial assistance. Decisions regarding your financial need and your estimated family contribution (from income and assets) are based upon federal need analysis formulas.
Financial need is defined as the difference between the cost of attendance (COA) and the estimated family contribution (EFC).
COA – EFC = need
Cost of Attendance (COA)
The Cost of Attendance (COA) is the estimated total cost of attending college for one year. It includes tuition and fees, room, board, books & supplies, personal expenses, and travel expenses.
Estimated Family Contribution (EFC)
The student’s family is expected to contribute to educational expenses. A dependent student’s family includes parents and stepparents. An independent student’s family includes the student and the student’s spouse. A student’s EFC is determined by their FAFSA data in a consistent and equitable manner. If applicable, special circumstances altering a family’s ability to contribute may be recognized.