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Financial need is the difference between the cost of attendance at the Museum School for one year and a family’s ability to pay those costs, called the expected family contribution (EFC). Cost of Attendance – Expected Family Contribution = Financial Need
How Is Your Expected Family Contribution Determined?
Your EFC is based on income from employment, savings, assets, and any other benefits received, such as Social Security, GI Bill, etc., as reported by you and your family on the FAFSA. Your EFC is calculated by a federally approved need analysis formula established by the United States Congress. This number represents the minimum amount you and your family are expected to contribute toward your education for the academic year.
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