Determining Financial Need

Tuition and Fees

Cost of attendance is generally based on full-time enrollment for two semesters, i.e., academic year, to determine financial need. Students attending the Center for Online Learning and Educational Centers Cost of Attendance are also based on two semesters. One semester contains two eight week terms.

A financial aid recipient is assigned a student budget (i.e., cost of attendance) based on location (on campus, education center, or online), academic program, and living arrangements. The budget includes tuition, required fees, books and supplies allowance, travel allowance, living allowance, and personal expense allowance.

TUITION AND FEES
TUITION AND FEES DATA
NET PRICE CALCULATOR

Expected Family Contribution (EFC)

To receive a federally computed Expected Family Contribution you (and your parent(s)' or spouse, if applicable) complete the Free Application for Federal Student Aid (FAFSA) and submit it to the U.S. Department of Education’s federal processor. Given the income, asset, and household information provided, an expected family contribution (EFC) is computed using a federally mandated formula (i.e. Federal Methodology). Saint Leo University (SLU) Financial Aid Office uses the FAFSA data received from the federal processor to determine:

  • Your dependency status.
  • Your (and your spouse, if married) contribution from your earnings.
  • Your (and your spouse, if married) contribution from your assets.
  • Your (and your spouse, if married) other resources.
  • Your parents' contribution from their resources (if you are a dependent student).

Financial Need

Saint Leo University Financial Aid Office will award need-based aid up to the student's financial need. A student's need-based aid eligibility is computed by subtracting the Expected Family Contribution (EFC) from the Cost of Attendance (COA).

Cost of Attendance (COA)
- Expected Family Contribution (EFC)
Financial Need

In addition, if there is remaining aid eligibility, non-need based aid is awarded up to the cost of attendance, including replacing the EFC.

A financial aid package may include a combination of federal, state, institutional, and external scholarships, grants, work-study, and/or loan. The actual amount of aid offered depends on the student's eligibility and the total amount of funds available. The award may be less than 100% of a student's financial need.