Determining Financial Aid Eligibility
for graduate students
How Does Financial Aid Work?
Financial aid assists you with the cost of an education. You don’t have to be in a low-income category to qualify for financial aid. Some students receive aid based on special achievements, while others receive aid based on their demonstrated need. Need is the difference between what it costs to attend a college and what you and your family can afford to pay. The basic formula to determine eligibility for aid is:
|—||EXPECTED FAMILY CONTRIBUTION|
|ELIGIBILITY FOR NEED-BASED FINANCIAL AID|
Your choice of an institution should not be limited by the cost of education at a particular school, since financial aid is designed to help bridge the gap between what you can afford and the educational costs.
Cost of Attendance
The cost of attendance budget reflects the estimated costs associated with attending Lewis & Clark. This budget is comprised of both direct costs (e.g. tuition and fees) and indirect costs (e.g. transportation, personal expenses, books and supplies, and living allowance). Because indirect expenses are highly discretionary and vary considerably from student to student, an average allowance is used for these components of the budget. Be advised that the actual cost of attending Lewis & Clark may differ from the estimated budget used to determine eligibility for financial aid.
Expected Family Contribution (EFC)
The EFC is determined by applying a uniform federal formula to the information provided on the FAFSA. We use this EFC to determine the types and amounts of aid a student is eligible to receive. Student loan resources designed to help students borrow their EFC are available.
General Eligibility Information
To receive financial assistance from Lewis & Clark, an individual must be admitted as a degree-seeking student. In addition, students must meet the following criteria in order to receive federal financial aid:
• Be a U.S. citizen or eligible non-citizen
• Make satisfactory academic progress toward a degree
• Enroll at least half-time each semester
• Not be in default on any prior federal student loan
• Does not owe an overpayment on a federal grant or loan program
Students who are not admitted into a degree-granting program or who are enrolled less than half-time may be eligible only for certain types of private education loans.