The following grants are awarded on the basis of financial need to undergraduates who have not yet received a four-year degree. Financial Need is the Cost of Attendance or Budget for the school a student is attending less the Expected Family Contribution (EFC). The EFC is produced as a result of completing and submitting the FAFSA to the Department of Education Federal Student aid. Wages, gross income, taxes paid, size of family and number in college, and non-taxed income are just a few of the things that affect the EFC.