How is financial aid calculated?
(Cost of Attendance Minus Expected Family Contribution = Financial Need ) The Cost of Attendance includes midshipmen fees and out-of-pocket expenses such as transportation, personal and general supplies. For example if a family is expected to be able to contribute $2,000 to a college with a cost of attendance of $6,000, then the student’s need would be $4,000. This need helps determine how much and what type of aid a student may be eligible to receive during a given academic year. The Expected Family Contribution is calculated after you submit your Free Application for Federal Student Aid (FAFSA). Financial aid applicants must submit a FAFSA in order to be considered for aid.
