Calculating Financial Need shunt4
To determine your financial need for assistance, Missouri Western begins by estimating your total Cost of Attendance in accordance with federal regulations. Your Cost of Attendance includes more than just the charges you see on your bill for tuition, fees and on-campus housing. Allowances for books and supplies, transportation and living expenses are also built in.
Next, we subtract your Expected Family Contribution (EFC). Your EFC is determined using a formula established by law that takes into consideration your family income, assets, number in the household, number in the household attending college and the age of the older parent. In other words, your EFC is determined by the information you provide on your FAFSA. More Information
Then, we subtract the assistance you are expected to receive from ALL sources.
Using guidelines established by the U.S. Department of Education, Missouri Western financial aid administrators put together a financial aid package that comes as close as possible to meeting your need. Because funds are limited, the actual amount awarded may fall short of the amount of unmet need you have.