NEED & FINANCIAL ASSISTANCE
As a veteran, you have more options available to you to pay for college.¬† Student aid is based on a simple¬†”need” formula.
COA – EFC = need¬†¬†¬†
¬†[cost of attendance - expected family contribution = need]
The anticipated cost of attending Sheridan or Gillette Colleges is listed here.
After determining what the student is expected to contribute, the financial aid package is developed as follows:
Estimated Financial Assistance = grants + loans + scholarships + work study + Ch 33 tuition/fees
Only Ch 33 tuition and fee payments are considered part of the EFA.¬† Other VA benefits are not part of the EFC or EFA.
PAYING FOR COLLEGE
There are 3 main avenues for veteran students to pay for college:
Some state and federal programs can be combined; however, if tuition/fees are paid only one program can be used.
Other federal aid, such as Title IV grants and loans, can be used with any state or federal veteran benefit.