How Financial Need is Determined

  • Cost of Attendance
  • EFC

The Financial Need Formula

You must demonstrate financial need to receive aid. To determine that need, the PVCC Financial Aid Office subtracts your Expected Family Contribution (EFC) from the estimated cost to attend PVCC (see table below). The EFC is the amount the federal government believes that you and your family can contribute toward your education and it is calculated based on the information that you submitted on your FAFSA. Cost of Attendance includes tuition, fees, room and board, books, supplies, transportation, and personal expenses. All grants and the Federal Direct Stafford Subsidized Loan cannot exceed the amount of demonstrated financial need. The total aid packaged including grants, scholarships, Federal Direct Stafford Subsidized, Unsubsidized and Parent PLUS Loans cannot exceed the student's Estimated Cost of Attendance at PVCC. 

If the cost to attend PVCC is greater than your EFC, you demonstrate financial need and are eligible for financial aid.

Estimated Cost to Attend PVCC
– Expected Family Contribution (EFC)
= Your Financial Need

Estimated Cost to Attend PVCC 2022-2023

Expense Items Students Living With Parents Students Not Living With Parents
Tuition/Fees $4,470 $4,470
Books and Supplies $1,800 $1,800
Room and Board
(Not on campus)
$4,168 $8,334
Transportation $2,600 $2,600
Miscellaneous $2,000 $2,000
Total: $15,038 $19,204