Standard Student Budgets
Financial Need: If you meet all of the eligibility criteria, the Financial Aid Office will calculate how much financial aid you are eligible to receive. This formula subtracts the Expected Family Contribution (EFC) from the estimated educational costs, called the Cost of Attendance. The dollar amount remaining is your financial need. Your need will be funded with various federal and state programs, plus any other resources for which you are eligible.
How is Financial Need Calculated?
Financial Need is calculated by subtracting the Expected Family Contribution (EFC) from the Cost of Attendance.
For example, a California Resident student living off-campus with an EFC of $500 will have a Financial Need of $24,008 for the 2021-2022 award year.