Determining your need

How is your need determined?

Your financial need is the difference between what it costs to go to Oglethorpe and what you are expected to pay.

need calc


Here’s how each of those breaks down:

Cost of attendance (COA)

A standard figure used for all full-time traditional undergraduate students that accounts for annual expenses billed by the university (tuition, fees, room & board) as well as some that you may incur but aren’t actually billed for (books, living expenses). For determining need, we use the same COA for everyone, which is determined using rules established by law. Note that for Adult Degree Program (ADP) students, the cost of attendance will vary from these.

For the purposes of determining your financial need, we use the following:

  • Students from Georgia, living on-campus or off-campus living in an apartment: $54,970
  • Students from out of state, living on-campus: $56,220
  • Students living off-campus with parents: $47,820

Expected family contribution (EFC)

The EFC is determined by a combination of a government formula called the “Federal methodology”, which is based on information provided in your FAFSA (family size, number in college, income, and assets). This allows us to determine both the federal aid you qualify for as well as the amount of Oglethorpe aid you may receive.

The EFC is made up of two parts: the student contribution and the parent contribution.

Student contribution
The student contribution to the EFC is determined by taking a percentage of the student’s income and assets.

Parent contribution
The parent contribution is calculated by a percentage of the total income and assets, AFTER allowances.

The formula takes the parents’ total income (taxed & non-taxed) and deducts an income protection allowance (which takes into consideration where you live in determining basic expenses) and an employment allowance (which accounts for the costs of working). What’s left after allowances is considered discretionary income and parents are expected to pay a percentage of that for school.

The value of parents’ accounts and investments is also considered. An asset protection allowance (which takes the parents’ ages into account, protecting more of your assets as you get closer to retirement) is deducted before the value of the assets is included in the formula.

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