The School of the Art Institute of Chicago (SAIC) prepares students’ financial aid packages once students’ Free Application for Federal Student Aid (FAFSA) applications have been reviewed, and it is confirmed that they have met all of the following eligibility requirements as prescribed by the federal government.

Expected Family Contribution (EFC)

The expected family contribution is the amount that parents and students are asked to contribute toward the cost of attendance. Actual expected family contributions and financial aid packages may vary based on individual family circumstances.

To determine the expected family contribution, SAIC uses the FAFSA. Information provided on the FAFSA allows SAIC, using federal guidelines, to consider your eligibility for grant assistance as well as for federal loans and work-study. A valid FAFSA is also required for disbursement of any federal aid.

Some of the factors used to determine eligibility for aid are:

You can estimate your family contribution for college by using the federal government's FAFSA4caster online tool before officially applying for student aid.