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2009-2010 Undergraduate Bulletin (pdf) - LaGrange College

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FINANCIAL AID APPLICATION PROCEDURES<br />

Applicants for financial aid must:<br />

• Complete and submit a Free Application for Federal Student Aid<br />

(FAFSA) annually.<br />

• Complete a Georgia Tuition Equalization Grant Application, if<br />

applicable.<br />

• Complete a HOPE Scholarship Application, if applicable.<br />

• Submit all required documents for verification, if selected.<br />

DETERMINING FINANCIAL NEED<br />

Students seeking financial assistance must complete the federal need<br />

analysis form, the Free Application for Federal Student Aid (FAFSA).<br />

The FAFSA collects parental and student income and asset information<br />

needed to determine eligibility for financial aid. This information is<br />

used in a federal need analysis formula to determine the Expected<br />

Family Contribution (EFC).<br />

The Financial Aid Office establishes Cost of Attendance Budgets each<br />

year. A Cost of Attendance Budget includes tuition, fees, room, board,<br />

books, supplies, and living expenses. Other components of the Cost of<br />

Attendance, which is applied on an individual basis, are childcare<br />

expenses, study abroad, and the purchase of a computer. These items<br />

may require documentation from the student. Below are the Cost of<br />

Attendance Budgets for the <strong>2009</strong>-<strong>2010</strong> academic year.<br />

<strong>Undergraduate</strong> dependent residing on campus $33,449<br />

<strong>Undergraduate</strong> dependent residing with parents $29,644<br />

<strong>Undergraduate</strong> independent residing off campus $35,642<br />

<strong>Undergraduate</strong> nursing dependent residing on campus $41,173<br />

<strong>Undergraduate</strong> nursing dependent residing with parents $36,650<br />

<strong>Undergraduate</strong> nursing independent residing off campus $42,655<br />

The Expected Family Contribution (EFC) is deducted from the Cost of<br />

Attendance at <strong>LaGrange</strong> <strong>College</strong> to determine whether a need for<br />

financial assistance exists. If the family’s EFC is less than the Cost of<br />

Attendance, a financial need is established. The Financial Aid Office<br />

attempts to meet the demonstrated financial need of applicants with<br />

federal, state, and institutional grants and scholarships, work programs,<br />

and student loans.<br />

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