Eligibility for Financial Aid
Students are packaged for financial aid (given financial aid from several of the programs for which a student is eligible) based on the student’s financial need. Financial need is determined by a student’s Expected Family Contribution (EFC) which is computed from information provided on the Free Application for Federal Student Aid) as compared to Laney’s Cost of Attendance (COA). Those who have a positive number remaining after the EFC is subtracted from the Cost of Attendance may qualify for some need based aid sources. To meet with federal regulations, Laney defines the neediest students as those whose EFC = $0.