Determining Eligibility
The student's financial aid eligibility (financial need) is the difference between the Cost of Attendance at Xavier University and the Expected Family Contribution (EFC) toward those costs.
Financial Need = Cost of Attendance - Expected Family Contribution
The Cost of Attendance is an estimate of the cost to attend Xavier University. It includes estimates of the following expenses:
- Tuition
- Course fees
- Housing
- Meals
- Books
- Supplies
- Personal Expenses
- Transportation
The Cost of Attendance varies based upon the number of credit hours in which the student plans to enroll, whether the student is dependent or independent, and whether the student plans to live on or off campus. The total of all the financial aid awarded to a student cannot exceed the student's cost of attendance.
The Expected Family Contribution is derived from a formula developed by the United States Congress. The formula adds up the total resources (income and assets) listed on the FAFSA, subtracts allowances (for basic expenses paid by the family), and then makes adjustments based on the number of people in the family, and the number of family members enrolled in college.