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How the Aid Process Works

How Eligibility is Determined

How Funds are Awarded

Award Breakdown

How Eligibility is Determined

Please note: financial aid received at another institution during the same academic year can reduce the aid available at SOU due to federally mandated limits. It is against federal law for a student to receive financial aid funding from more than one institution in any given term.

All students whose completed FAFSA applications (listing SOU) were processed by the Federal Processor on or before March 1 and who have applied for admission to SOU are considered for federal, state, and campus-based funds. Campus-based funds include Perkins Loans, Supplemental Grants, and Federal Work-Study.

Applicants in this on-time group are ranked according to Estimated Family Contribution (EFC). The Financial Aid Office uses "Federal Methodology": the standard, federally approved method for determining what funds the family (parent and/or student) should have available to meet the year's educational costs. The analysis of the EFC is based primarily on prior year parent and student incomes. The EFC figure is shown on the first page of the Student Aid Report (SAR), which is the document applicants receive from the federal processor after filing the FAFSA.

The EFC figure is then subtracted from the standard budget, representing costs for the academic year. The remaining figure is considered the student's financial eligibility.

Students with the lowest family contribution (EFC) are awarded campus-based funds until those funds are fully committed. The Direct Stafford/Ford Loans and the Pell Grant remain available all year.

Only your official EFC as calculated by the federal processor will be used by the SOU financial aid office to determine your aid eligibility, but you may use an EFC estimator, to get an idea of what your EFC may be.

How Funds are Awarded

SOU funding policy is (a) to first fund students with the lowest analyzed family contribution, and (b) to fund fully within our institutional policy limits. We attempt to fully meet the student's financial eligibility from the available funds. Below is a sample package for a high-need, dependent, on-time filer (March 1) of sophomore standing.

Budget (Oregon resident)	$17,058
Family Contribution (EFC)	-700
Eligibility	16,358

Award Breakdown

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