Financial Aid

How Aid is Calculated

When you apply for federal student aid, the information you report is used to calculate your Expected Family Contribution (EFC). Your Expected Family Contribution is used in an equation to determine your financial need:

  Cost of Attendance
- Expected Family Contribution (EFC)
-------------------------------------------
= Financial Need (Unmet Need)


Your financial need is used to determining your need for Federal, State, and Instutional aid. To assure your best award please fill out your FAFSA applicaiton at www.fafsa.ed.gov as soon as possible after January 1 each year.

The financial aid office can adjust the Expected Family Contribution formula's data elements or adjust your cost of attendance if he or she believes your family's financial circumstances warrant it based on the documentation you provide. However, the financial aid office does not have to make such an adjustment.

You should check with the Financial Aid office if you feel that you have special circumstances that might affect the amount you and your family are expected to contribute. But remember that there has to be good reasons for the financial aid administrator to make any adjustments and you will be expected to provide adequate proof to support those adjustments. The financial aid administrator's decision is final and cannot be appealed to the U.S. Department of Education.


Click here to complete your FAFSA

Frequently Asked Questions "Does a large family with more than one student in college at the same time have an increase the amount of financial aid?"

For more information, contact:

Financial Counselor
1 MvMurry Station
Box 908
Abilene, TX 79697
(325) 793-4713
(800) 460-2392 Ext. 4713
mailto:financialaid@mcm.edu