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What is Financial Aid?

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What is Financial Aid?
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Financial aid is available to remove the cost barriers that may prevent you from pursuing your educational goals. Assistance is available from a variety of programs funded by federal, state, university and private sources. Students who demonstrate significant financial need may qualify for grant aid while students with less need may obtain low cost loans. Financial need is determined through a federal formula that assesses the family’s relative financial strength and ability to contribute to meeting the student’s educational costs. You may get an estimate of your financial aid eligibility through CSUCC (see below).

There are three general categories of financial aid:

CSU CostCalculator (CSUCC)

Use CSUCC to get an estimate of your financial aid eligibility. CSUCC is a free service designed for high school and college students (freshman through senior) and is offered through the CSU Mentor website. NOTE: The use of CSUCC does not constitute an actual application for financial aid. To receive financial aid from a California State University campus, you must complete the Free Application for Federal Student Aid (FAFSA). See How to Apply.

Eligibility for financial aid is the amount that remains after the student's Expected Family Contribution (EFC) is subtracted from the cost of education. The cost of education is the amount the University estimates the student will spend to attend college for the academic year. The cost of education includes the basic State University Fee, various campus-based fees, room and board, books, supplies, transportation and miscellaneous personal expenses.

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