Your eligibility for CTS grants and Federal Work-Study is based on your financial need. Federal Direct Unsubsidized Loans are not need based.
The following formula is used to determine financial need:
| CTS Cost of Attendance (COA)
| - Expected Family Contribution (EFC)
|= Financial Need
CTS Cost of Attendance includes your tuition and fees, and allowances for books and supplies, loan fees, room and board, transportation and miscellaneous expenses (medical/dental, clothing, insurance, etc.).
Expected Family Contribution (EFC) is calculated from the information you report on the FAFSA and according to a formula established by law. Your (and your spouse’s, if married) income (taxable and untaxed), assets, family size and number in college or career school are considered in this formula.