The U.S. Department of Education uses a formula to determine your Expected Family Contribution (EFC) based on data provided on your FAFSA for the prior calendar year. The EFC determines your eligibility for need based funding (Federal grants, Federal subsidized loans, and Federal Work Study).
Due to economic hardships that many families are experiencing, USFAS at USF wants to make you aware of options you can consider, should you/your family experience economic hardship that impacts your ability to attend.
Change in Circumstances
If major changes occur during the 2014 calendar year, that are not reflected on your 2014-2015 FAFSA, and will result in your family's calendar year 2014 income being less than the 2013 income, you may qualify for a special review of the changed income. Major changes may include:
divorce or separation of parents or from spouse;
death of a major wage earner;
loss or reduction of personal or family income by at least 25%.
If any of these circumstances apply to you, speak with a financial aid advisor, to see if a special review would help your eligibility.
Note: Mortgage payments, car payments, credit card payments cannot be considered when determining eligibility for financial aid.
Take advantage of the USF / HART Bus Ride Program to reduce your transportation costs.
In addition to the financial information offered above, you may want to check into other community resources.