How Financial Need is Determined

Need is the difference between UT’s cost of attendance and the expected family contribution (EFC). The Free Application for Federal Student Aid (FAFSA) is used to determine the EFC.

Factors considered in determining the EFC are parent and student income, assets, household size, number attending college, age of the primary wage earner and state of residency.

UT will send a financial aid award notice to students regarding their financial aid eligibility after receiving the FAFSA results. Current UT students may also review their financial aid award in Workday by logging into MyUTampa. New students must be admitted for an award to be calculated and may view their aid offer on the Financial Aid Portal. The financial aid award includes a student’s federal, state (for Florida residents) and institutional aid eligibility. Students must notify the Financial Aid Office if they are awarded funds from other resources (see Excessive Awards).