Colleges that Meet 100 Percent of Financial Need

on June 28, 2017

These colleges and universities claim to meet 100% of their students’ financial need. Keep in mind, however, that while these colleges and universities may meet 100% of financial need, they may meet it based on their own standards.


Demonstrated financial need is calculated by subtracting the expected family contribution (EFC) from the college’s cost of attendance. Some colleges use their own financial aid formulas for calculating the EFC instead of the federal need analysis methodology. The EFC calculated with the institutional methodology may be higher, thereby yielding a lower amount of financial need. For example, the college might have a minimum student contribution or summer work expectation that increases the EFC even for Pell Grant recipients.


In effect, some of these colleges may be meeting 100% of financial need only after they redefine financial need.


Also, many colleges meet financial need by including student loans in the financial aid package in addition to grants and scholarships. Loans do not cut college costs. The colleges and universities listed in bold do not include loans in the need-based financial aid packages.


Nevertheless, this list is a good start. These colleges tend to offer generous financial aid packages. But, students may find that other colleges and universities leave them with a lower net price. Always compare college affordability based on the net price.


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