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Common Questions About Award Amounts

What is a Cost of Attendance Estimated Budget?

First of all, we start with an estimated budget. These line items are in the budget:

  • Tuition & Fees
  • Books & Supplies
  • Room and Board
  • Personal Expenses
  • Transportation Expenses

Remember, the estimated budget is not what you owe Chaminade. It is what you will need for your upkeep during your 2 semesters in the upcoming year. For example, some of the expenses, such as personal & transportation, will not be owed to Chaminade.

We have used information supplied on the FAFSA to determine which budget to reference (Living on-campus or with parents, etc.)

Look up your Cost of Attendance Budget

What is the EFC?

The EFC stands for “Estimated Family Contribution.” The amount of the EFC is determined by the federal government from information that your family supplied on the FAFSA. This is the amount the federal government thinks your family should contribute to your college education for the coming academic year. If you are a dependent student, as most incoming freshmen are, this amount will reflect the sum of what your family and you yourself contribute.

The EFC is used for the Need Analysis.

If you are concerned that your family may not be able to contribute the amount of the EFC, see the information under “Packaging to Budget,” below.

What Is the Need Analysis?

A Need Analysis is a formula to decide how much your family can pay towards the costs of your education. If your family cannot pay the full cost of college, then you are offered financial aid.

The Need Analysis is based on a simple calculation. Budget minus EFC equals financial need.

Budget – EFC = Need

What is Financial Need?

The best way to explain financial need is to demonstrate using two examples. The first example is of a family that does not demonstrate need. The second equation does demonstrate need.

The No Need Example (below): In this example of a Need Analysis, the family can cover the cost of college, because the Estimated Family Contribution is 30,000. There is no need, and no financial aid will be offered:

Need Category Amount
Financial Need$0

The Financial Need Example (below): If the EFC doesn’t cover the full cost of college, there will be an amount left over as a result of the equation, and need-based financial aid will be awarded for that amount. In this example of a Need Analysis, the family cannot cover the cost of college, because the Estimated Family Contribution is 10,000.


Need Category Amount
Financial Need$20,000

What is Gift Aid and Why Notify Chaminade?

Gift aid is money you receive from an outside source to go to college, such as a scholarship or grant. These funds are added into the equation, and may change your financial need amount. You must let us know if you receive a scholarship or grant, as we are required by federal law to include these funds in the equation for determining need. Please let us know at any time you receive such an award or funds. Here is an example of the Need Analysis equation with a $4,000 grant:


Need CategoryAmount
Financial Need$16,000

What Is Need-Based Aid?

If your need analysis determines that you have financial need, it allows us to award you several types of need-based aid.

Federal Need-based aid includes:

  • Federal Supplemental Educational Opportunity Grant (FSEOG)
  • Federal PELL Grant
  • Federal Work Study
  • Federal Subsidized Stafford Loan

Other Need-Based aid includes:

  • Chaminade (Institutional) Aid

Non-Need Based Aid: 
This is additional aid you may receive that is not based on need.

  • Federal Unsubsidized Stafford Loan
  • Federal Plus (Parent) Loan
  • All forms of private alternative loans.

(Also note, Chaminade merit scholarships and some grants are not based on need.)

What Is Packaging to Budget?

It is our philosophy to provide you with the maximum aid offer possible. This means, we do not presume that your family will be able to afford to pay the EFC. We generally provide an aid offer that is exactly what we have determined is your budget. This usually will result in the recommendation of a variety of loans, both need-based and non-need based.