Definition of Need

Under federal methodology need is defined as the difference between a student’s Cost of Attendance (COA) and their Expected Family Contribution (EFC).  


NEO is required to use this amount to award all need-based aid, such as Pell Grants, Subsidized Stafford Loans, SEOG, Federal Work Study, and scholarships.  All of your need-based aid cannot exceed the amount of your need.  In addition, students cannot exceed their COA.  When you receive additional aid after  you have been initially awarded, we may have to reduce some of your other aid in order to not exceed your need or COA.  Usually we only adjust your loans.  In rare instances, we may have to adjust some of your other aid.  Whenever we make an adjustment you will be notified.