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 Cost of Attendance.
Use this example to understand your EFC and financial need.

Total Cost of Attendance: $54,810
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 2014-2015 COA. Your COA varies depending where you live: on campus, off campus, or with a parent or relative.

2014-2015 Cost of Attendance

Living On Campus Living Off Campus Living with Parent/Relative

Direct Menlo College Costs
Tuition: $36,900
Fees: $620
Room and Board: $12,260

Estimated Other Costs*
Books: $1,746
Transportation: $864
Student Loan Fees $126
Miscellaneous: $2,294

Total: $54,810

Direct Menlo College Costs
Tuition: $36,900
Fees: $620

Estimated Other Costs*
Housing & Food: $11,492
Books: $1,746
Transportation: $1,278
Student Loan Fees $126
Miscellaneous: $2,872

Total: $55,034

Direct Menlo College Costs
Tuition: $36,900
Fees: $620

Estimated Other Costs*
Housing & Food: $4,598
Books: $1,746
Transportation: $1,134
Student Loan Fees $126
Miscellaneous: $3,132

Total: $48,256

*Estimated costs are as suggested by the California Student Aid Commission. They are used for financial aid pruposes 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 $5,500 $5,500 $11,000
Menlo Grant $6,750 $6,750 $13,500
Pell Grant $964 $964 $1,928
Direct Stafford Loan $3,750 $3,750 $7,500
Direct PLUS Loan $7,551 $7,551 $15,102
Work-Study $500 $500 $1,000
Total Financial Aid Offer $25,015 $25,015 $50,030