Financial Aid Award Notice (eFAAN)
What is an eFAAN?
As soon as the Office of Student Finance has determined your financial aid awards, you will receive an e-mail notifying you to respond to your awards. In the past, we sent paper Financial Aid Award Notices (FAANs). Now, instead of the paper FAAN, you will receive an e-mail directing you to a secured site to view your Financial Aid Award Notice (eFAAN) where you can respond to your award offers electronically. If you are unable to access your Web site, you may contact our office to request help accessing your record or to have a paper FAAN mailed to you.
The eFAAN lists the financial aid you may be eligible to receive to attend full time for one academic year (fall and spring semesters). The total aid is divided equally between semesters, one-half for fall expenses and one-half for spring expenses. The amount of your award is based on your financial need, which is determined by:
- federal methodology that calculates your expected family contribution (EFC), using a formula established by the U.S. Congress;
- an assumption that you will be enrolled full time;
- the amount of aid available at the time of awarding;
- distribution formulas according to federal, state, and University guidelines.