Financial Aid
Determining Financial Need
What is Financial Need?
Financial need is the difference between what it costs to attend a certain school and what the family can reasonably
be expected to contribute toward the cost of attendance.
What is Included in the Cost of Attendance?
The Cost of Attendance includes fixed costs such as tuition, fees, room & board and personal expenses such
as books and supplies, transportation, off-campus room and board, and miscellaneous personal expenses.
The Department of Education requires that each university prepare 9-month cost of attendance budgets
based on average costs of its students living at home with parents, on-campus housing, and off-campus housing.
These cost of attendance budgets are adjusted depending on the number of semesters enrolled and the
enrollment status (full time, 3/4 time, 1/2 time and less than 1/2 time).
Your actual fixed expenses for tuition, fees, room & board depend on what courses you take and what dorm you live in. Please refer to a current price list of charges to determine what your actual charges will be.
Contact the SAGU Enrollment Office or the Accounts Receivable Office if you need help in projecting your costs.
Your actual personal expenses will depend on how far you live from school and your lifestyle.
How is the Expected Family Contribution (EFC) Calculated?
Your EFC is calculated using a standard congressional formula. The Free Application for Federal Student Aid
(FAFSA) collects information such as family size, number in college, whether you are dependent or independent
of parents, and you and your family’s income and assets. This information is used by the federal government
to determine what the family can reasonably be expected to contribute toward your education.
[ Calculate your college costs ]
How Will My Financial Aid Package Be Put Together?
Typically, we put financial aid packages together like this:
- If you are eligible for a Federal Pell Grant, we'll put this in first.
- Then we'll review your eligibility for state grants.
- Then we'll add any academic and/or other type of scholarship.
- If you have any remaining financial need, we'll review your eligibility for federal grants (other than the Pell Grant). We make every effort to distribute funds equitably.
- We'll put loan and employment assistance into your package last. The amounts and programs offered depend upon your year in school and your financial need.
Have Questions? Need Help?
Visit the Financial Aid Web site for a detailed overview of your
financial aid options. Or you can send us an email at finaid@sagu.edu or
give us a call at 1.888.YES.SAGU extension 4730.