| 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. |
FAFSA Forecaster Instructions
If you would like to receive an estimated financial aid award notice from McPherson College, please complete the FAFSA4caster. You will need to print and copy the output document and fax it to us at 620-241-8443. Using this information, we will help you create a scenario outlining the types and amounts of assistance you might receive so you'll know what to expect and can plan accordingly.
Student Loans
McPherson College Code of Conduct Regarding Student Loans
Students or parents may borrow from the lending institution(s) of their choice based on the criteria that they believe is most relevant and important to their situation. We do not make lender recommendations, but, upon request, the College will make available a list of the 5-10 lenders that have been selected most often by students and parents in past years.
MC does not have any revenue sharing arrangements with any lenders.
MC and it employees do not accept any gifts from lenders, other than gifts of de minimis value such as coffee mugs, pens, holiday foods, etc.
MC employees may not accept travel expense reimbursement, lodging, or compensation from lenders.
MC does not use employees of lenders to represent the College in connection with financial aid matters and we do not give permission for employees of lenders to represent themselves as employees of MC.
To contact the Office of Admissions:
Toll-free: 1-800-365-7402
Locally: 620-242-0410
E-mail: admiss@mcpherson.edu
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