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Host: What is Financial Need and how it is determined?
Brad Barnett: A Financial Need, basically takes your Cost Of Attendance and then we subtract the EFC number, the Expected Family Contribution number, the different between the two is your Financial Need. That s why the Cost Of Attendance and the EFC are so important. Our goal, as a financial aid office, is to try to give you as much money as we can to meet that need. Sometimes we can, sometimes we can t, but that s the basis for awarding financial aid.
Expert: Brad Barnett
Brad received his Bachelor of Science degree from Southern Arkansas University, with a major in Psychology and a minor in Business. He furthered his education by graduating from the Medical College of Virginia at Virginia Commonwealth University with a Master of Science degree in Rehabilitation Counseling, specializing in Mental Health. He has been involved in the financial aid and/or rehabilitation More »
About This Video
In this video, Mr. Barnett defines some important financial aid terminology that will assist you in understanding more about financial aid in general.
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Tags: Financial aid, College, Graduate, School, University, Scholarship, Scholar, Study, Grant, Loan, Application
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