It is a number used by the school to calculate the amount of financial aid you are eligible to receive.
Note: Your EFC is not the amount of money your family will have to pay for college nor is it the amount of federal student aid you will receive. Schools use the EFC to determine your federal student aid eligibility and financial aid offer. Also considered are your family size and the number of family members who will attend college during the year. All the financial information you provide on the FAFSA is considered in the formula. The EFC is calculated using a formula established by law. The Expected Family Contribution (EFC) is an evaluation of your family’s ability to contribute to college expenses. What is an Expected Family Contribution (EFC)?
Many opportunities exist for BSU students, with over 37% of all new entering students receiving scholarships.Ĭlick here for a full list of scholarships. What scholarships are available to me?Įvery year Bemidji State University provides academic, talent and leadership awards totaling nearly $2,400,000. It can be received in the form of scholarships, grants, loans and work-study employment. What is financial aid?įinancial aid is money that helps you pay for college. The Free Application for Federal Student Aid (FAFSA ®) us the form that students use to apply for financial aid for college or grad school. Setting Up Direct Deposit in e-Servicesīelow is a list of the most common financial aid questions, if your question is not listed below or you need additional help, do not hesitate to Contact Financial Aid and we will help in anyway we can.Award Information Available Through e-Services.
Transfer Equivalencies and Course Substitutions.Submitting and Revising Graduation Plans.Declaring or Changing Your Major or Minor.
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