2007-2008 Financial Aid Handbook
Financial Need
Financial Need is determined by this formula:
Cost of Attendance – Expected Family Contribution (EFC) = Financial Need
The Cost of Attendance at Southwestern Illinois College for a full-time student during the nine-month school year is determined by the costs below. The U.S. Department of Education calculates your EFC from the information you submitted on your FAFSA. The difference between the cost of going to college and your expected family contribution is your financial need. You will not be billed this amount by the college. This figure is used to determine your eligibility for financial aid.
COSTS
For the 2007-2008 academic year, costs are estimated as follows for a full-time student.
| Direct Costs: | |
|---|---|
| Tuition (based on 14 semester hours at $68 per credit hour for 2 semesters) | $1904.00 |
| Books and Supplies | 930.00 |
| For a student living with parents | |
|---|---|
| Room & Board | $3,100.00 |
| Transportation | 2,170.00 |
| Personal Expenses | 1,350.00 |
| TOTAL | $9,454.00 |
| For all other students: | |
|---|---|
| Room & Board | $7,250.00 |
| Transportation | 2,170.00 |
| Personal Expenses | 1,350.00 |
| TOTAL | $13,604.00 |
These estimated costs are the basis for most financial aid awards, but may vary depending on your enrollment, tuition rate per credit hour, course of study, and out-of-district or out-of-state.