Understanding the NSCC Financial Aid Notification

We begin sending Financial Aid Award Notifications in approximately mid-May prior to each award year. The following example illustrates the process of "need analysis" for a dependent student living with parent(s) or relative(s) during the 2007-08 award year. It should be noted that the cost of registration fees during the 2007-08 award year (total for two semesters) for a full-time, in-state student is $2,589 inclusive of the technology access fee. The average allowance for books and supplies for this period is $1,000.

Cost of Attendance	$8,151
(less)Expected Family Contribution	$200
Need for Financial Aid	$7,951

* The cost of attendance includes an allowance for registration fees, books and supplies, transportation, room and board, and other personal and miscellaneous expenses.

Based on the example, the student might have received the following type of financial assistance:

Federal Pell Grant	$4,160
Federal Supplemental Education Grant	$600
Tennessee Student Assistance Award	$1,386
Total Award	$6,146

It should be noted that in this example, the student received an amount of financial assistance that exceeded the amount needed for the direct educational cost of registration fees and books and supplies. The balance could be used for other education related expenses. Based on the student's unmet need of $1,805 ($7,951 "need" less $6,146 total award), the student could receive additional assistance via student loans, scholarships, Federal Work-Study, etc. A letter of explanation will be sent with the Financial Aid Notification, which contains further details regarding awards.

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