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Cost & Financial Aid | Financial Need

 

Student financial aid programs are a valuable financial resource for eligible students to access post-secondary education; however, families are still responsible for assisting with their students' total educational cost. Financial Need is calculated by this standard federal formula:

   Cost of Attendance (COA)*
-  Expected Family Contribution (EFC)
*

= Financial Need

* Cost of Attendance:
• Tuition and fees
• Room and board
• Books, supplies, equipment, transportation, & misc personal expenses
• Loan fees
• Study Abroad costs
• Dependent care expenses
• Expenses associated with a disability
• Expenses for Cooperative Education Program
* Expected Family Contribution
What the federal government expects the student and his/her family to contribute toward educational expenses. This amount is calculated from the information you provide on the Free Application for Federal Student Aid (FAFSA). As this form requires financial information from the previous year, we recognize that special circumstances can and do affect a family's ability to provide financial support. If you or your family have experienced significant changes in income or assets, please contact the Financial Aid Office. A counselor will be happy to answer any questions you may have.

 


Office of Admissions: 800-365-7402 | 620-242-0400 | admiss@mcpherson.edu

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Sara Brubaker
Director of Financial Aid
(620) 242-0413

 


Sonja Sawatzky
Financial Aid Coordinator
(620) 242-0423