Established Financial Need (EFN) & Expected Family Contribution (EFC)

Established Financial Need (EFN) is the difference between the Cost of Attendance at SGC and your Expected Family Contribution (EFC). Your EFC is derived from a formula developed by the Department of Education. The formula subtracts allowances (taxes and FICA paid, etc.) from the resources (parents' and student's income and assets, including non-taxable income such as Social Security), and makes adjustments based on the number of people in the family and the number of family members in college. The EFC is electronically provided to the OFA by the Federal Processor. The Federal Work Study, Federal Supplemental Educational Opportunity Grant, and the Federal Subsidized Stafford Loan are awarded based on Established Financial Need.