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How Financial Need is Calculated
The FAFSA utilizes a set of federally mandated formulas to determine the amount of money you and your family are expected
to contribute towards educational expenses. This amount is called the Expected Family Contribution or EFC. To determine eligibility
for financial aid, BGSU's Student Financial Aid subtracts your EFC from the cost of attending BGSU. These costs include instructional
and general fees, nonresident fees, where applicable, room, meals, books, transportation and personal expenses. If the cost
of attendance is higher than the EFC, a financial aid "package" is put together to help meet the difference between the cost
and the student's EFC. This package is limited by funding availability and program maximums. Some students are eligible for
additional types of aid to help meet the EFC. For instance, the Unsubsidized Direct Loan and PLUS Loan are not based on need.
Federal regulations require that recipients of federal financial aid must be either citizens of the United States or eligible
noncitizens.
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