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.
Required Ministerial Formation applications for financial aid
(Advanced Studies Students will find their required applications here.)
For 2014-2015 academic year:
- 2014-2015 Seminary Financial Aid Application (PDF)
- 2014-2015 FAFSA Application – Concordia Seminary’s school code is G02457
- Financial Aid Application Deadline Policy (PDF)
For 2014 summer:
- 2013-2014 Seminary Financial Aid Application (PDF)
- 2013-2014 FAFSA Application – Concordia Seminary’s school code is G02457
MA, STM and PhD students may find their Financial Aid Applications here.