How is Financial Aid Eligibility Determined?
A formula established by Congress is applied to the data which you submit on your Free Application for Federal Student Aid (FAFSA). The resulting Student Aid Report (SAR) includes and Expected Family Contribution (EFC), which indicates how much money you are expected to contribute toward your education. Your remaining financial need is determined by the following calculation:
Cost of Attendance (-) EFC = Financial Need
Your cost of attendance includes:
Tuition and fees
Room and Board
Books and Supplies
Estimated health insurance costs
An allowance for transportation
An allowance for miscellaneous expenses
All of our students are classified as independent, therefore your EFC and financial need eligibility will be based strictly on the personal information which you submit on the FAFSA. It is not dependent on your parents’ income and/or financial history.
Also, be sure to view important information about changes to Student Loans.
Required applications for financial aid
For 2013-2014 academic year:
- 2013-2014 Seminary Financial Aid Application (PDF)
- 2013-2014 FAFSA Application – Concordia Seminary’s school code is G02457
- Financial Aid Application Deadline Policy (PDF)
For 2013 summer:
- 2012-2013 Seminary Financial Aid Application (PDF)
- 2012-2013 FAFSA Application – Concordia Seminary’s school code is G02457
MA, STM and PhD students may find their Financial Aid Applications here.