Financial Need

To determine a student’s financial need, the student must complete the Free Application For Federal Student Aid (FAFSA). Need for financial aid is determined by the following calculation:

Cost of Attendance (COA) Less Expected Family Contribution (EFC) Equals Financial Need

To determine the EFC, the calculation formula used is the Federal Need Analysis set by the U.S. Department of Education. Factors that are taken into consideration include: family size, number of students in college, income and assets of both the student and parents and the age of the oldest parent.

Typically available by October 1 for the following academic year, students must complete the FAFSA fully and carefully to avoid delays in processing. FAFSA forms should be submitted online no later than March 1 to receive full consideration for all types of need-based aid. For Hood College to receive FAFSA results, list Hood’s school code, 002076, on the application.