Financial Aid Criteria Formula

Financial Aid

Eligibility

• General Requirements
• Prerequisite Coursework
• Satisfactory Academic Progress
• Teacher Certification
• More

Application Guide

• Apply for Aid
• FAFSA Online
• FAFSA Worksheet
• UMD Costs
• Estimate Aid
• May/Summer Aid
• Study Abroad
• More

Types of Aid

• Grants
• Scholarships
• Loans
• Student Employment
• Other Aid

Aid Basics

• Credit Requirements
• Disbursement of Funds
• Refund Policy
• Rights & Responsibilities
• Quality Assurance Program

Education Tax Benefits

• American Opportunity Tax Credit
• Lifetime Learning Tax Credit
• More

Additional Links

• Collegiate Resources
• FAQ
• Financial Aid Glossary
• Additional Contacts
• Site Map
• UMD Home

• Home
• Student Self Service
• Forms
• Important Dates
• Contact Us

Your financial need is determined with the following formula, after you have filed the FAFSA:

COA - EFC = Unmet Financial Need

Cost of Attendance (COA)

The institution you attend determines the cost of attendance.

Expected Family Contribution (EFC)

The information you release on your FAFSA determines your Expected Family Contribution (EFC). The primary responsibility for paying for school rests with the family.

Financial Aid Calculators

• UMD's Net Price Calculator for prospective students and future freshmen.
• Financial Aid Estimator for current University of Minnesota Duluth and transfer students.