Financial Need

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.