Definition of Financial Need
Students are packaged for financial aid (given financial aid from several of the programs for which a student is eligible) based on the student's financial need. Financial need is determined by a student's Expected Family Contribution (EFC) (computed from information provided on the Free Application for Federal Student Aid) as compared to IVC's Cost of Attendance (COA). Those who have a positive number remaining after the EFC is subtracted from the Cost of Attendance may qualify for some need-based aid sources.
To meet with federal regulations, IVC defines the neediest students as those whose EFC = $0.
Resources Included in Award Packaging
Financial aid packages are awarded as follows in this order:
These are the only programs that IVC includes as part of a student's financial aid package initially. Please note that SEOG and Federal Work-Study funds are very limited and generally spent early in the awarding cycle.
Resources Not Included in Initial Award Packaging
Imperial Valley College may be informed from campus or external agencies regarding other financial aid programs requiring an adjustment to a student's aid package. These may include Cal Grant, Chafee Grant, Foundation Scholarship. other Off-Campus Scholarship, or AmeriCorps award. These aid sources when added may require that other aid originally offered be adjusted (i.e Federal Work-Study).
For more information, you can also visit our How to Read Your Award Letter page