Financial Aid

Understanding Your Financial Aid Eligibility and Costs

How Your Award is Determined

After you submit your FAFSA, Federal Student Aid develops your personal Student Aid Report (SAR) and sends it to our staff at the Menlo College Office of Financial Aid. We then determine your financial need by subtracting your Expected Family Contribution (EFC) listed in the top right corner of your SAR from the Cost of Attendance (COA) at Menlo.
 

Estimated Family Contribution (EFC) and Financial Need

Your EFC is the minimum amount of money you and your family are expected to contribute to the Cost of Attendance. Use this example to understand your EFC and financial need.

Total Cost of Attendance: $58,141
Federal Student Contribution: $1,240
Federal Parent Contribution: $2,690
Financial Need: $50,880

The total of the need-based aid you receive cannot exceed your calculated financial need. Need-based aid includes scholarships, grants, Federal Direct Loans and Federal Work-Study. Learn more about each of the types of aid available at Menlo.

Cost of Attendance (COA)

Your total financial aid award cannot exceed your Cost of Attendance (COA). Below is a
breakdown of Menlo College’s 2015-2016 COA. Your COA varies depending where you live:
on campus, off campus, or with a parent or relative.

2016-2017 Cost of Attendance
Living on Campus

DIRECT MENLO
COLLEGE COSTS
Tuition: $39,250
Fees: $700
Room & Board: $13,150

Estimated Other Costs*
Books & Supplies: $1,791
Transportation: $837
Student Loan Fees: $82
Miscellaneous: $2,331

TOTAL: $58,141

Living off Campus

DIRECT MENLO
COLLEGE COSTS
Tuition: $39,250
Fees: $700

Estimated Other Costs*
Housing & Food: $8,577
Books & Supplies: $1,791
Transportation: $1,242
Student Loan Fees: $82
Miscellaneous: $2,916

TOTAL: $54,558

Living with Parent/Relative

DIRECT MENLO
COLLEGE COSTS
Tuition: $39,250
Fees: $700

Estimated Other Costs*
Housing & Food: $4,968
Books & Supplies: $1,791
Transportation: $1,107
Student Loan Fees: $82
Miscellaneous: $3,177

TOTAL: $51,075

*Estimated costs are as suggested by the California Student Aid Commission. They are used for financial aid purposes when determining budgets.

Financial Aid Award

Your financial aid award is broken down into grants, loans, and any merit scholarships you have been awarded.

In this example award, this Junior student has been awarded a Menlo Scholarship, a Menlo Grant, a Federal Pell Grant, a Federal Stafford Loan (repaid by student), a Federal PLUS Loan (repaid by parents), and a Federal Work-Study.

Fall Spring Total
Menlo Leadership Scholarship
Menlo Grant
Pell Grant
Direct Stafford Loan
Direct PLUS Loan
Work-Study
Total Financial Aid Offer
$5,500
$6,750
$964
$3,750
$7,551
$500
$25,015
$5,500
$6,750
$964
$3,750
$7,551
$500
$25,015
$11,000
$13,500
$1,928
$7,500
$15,102
$1,000
$50,030
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