About Need-Based Aid
How is Financial Need Determined?
Your need-based financial aid award is based on your EFC (Expected Family Contribution) and your Cost of Attendance. Your EFC is calculated by the U.S. Department of Education based on your completed Free Application for Federal Student Aid (FAFSA). Whether or not you are eligible for a merit-based scholarship, you may qualify for need-based financial aid.
To determine your eligibility for any type of need-based financial assistance, the college requires you to fill out the FAFSA, or Free Application for Federal Student Aid, available at www.fafsa.ed.gov (Students who apply Early Decision must submit the CSS Profile with their application to determine their financial aid package. They must also submit a FAFSA to receive federal and state aid.).
The FAFSA must be submitted every year after January 1, preferably no later than February 15 for incoming students and April 1 for returning students.
Students receiving need-based aid must maintain Agnes Scott College's Standards of Satisfactory Academic Progress.
Your Expected Family Contribution is Based on:
- Parent and student income
- Parent and student current assets
- Federal taxes paid
- Number of people dependent on the family's income
- Number of children in the family attending college
- Ages(s) of parents(s)
Cost of Attendance Includes:(Click for example costs)
- Tuition and mandatory fees
- Room & Board or commuter living expenses
- Personal expenses
- Loan fees, if applicable
Need-Based Aid Includes:
- Federal Pell Grant
- Federal SEOG Grant
- ASC Grant
- Federal Work-Study
- Subsidized Stafford Loan