Definitions for "Financial need"
Keywords:  efc, coa, attend, contribute, expect
The calculated monetary need for financial aid determined by the following equation: Cost of Attendance - Expected Family Contribution = Financial Need
The difference between the student's cost of attendance and the expected family contribution.
The difference between the cost of attending your college and the amount of EFC is your financial need. Your financial aid package is based on the amount of your financial need.
When your legitimate expenses are more than your resources.
As determined by your institution using the federal methodology and/or your institution's own standards.