www.youtube.com Financial assistance is offered based upon financial need as determined by the federal governments system of need analysis. There is also financial assistance available to those that do not have need according to federal guidelines but that require assistance in paying for college costs. This aid is primarily in the form of low interest loans. What is Financial Need? According to federal guidelines, financial need is based on the following equation: The information you report on theFree Application for Federal Student Aid (FAFSA) is used to calculate your EFC, which is a measure of your familys financial strength. The EFC is used to determine your eligibility for federal student assistance. The formula for the EFC calculation is established by law. About St. Petersburg College: In 1927, St. Petersburg College (then known as St. Petersburg Junior College) became Florida’s first private, non-profit, two-year school of higher learning located in downtown St. Petersburg. Full accreditation followed in 1931 and in 1948 SPC became a public college. In June 2001, SPJC officially became St. Petersburg College when Florida’s governor signed legislation making it the first community college in Florida to offer four-year degrees. On Dec. 11, 2001, the college received the Southern Association of Colleges and Schools’ accreditation to offer courses leading to bachelor’s degrees. In 2002, St. Petersburg College began offering courses leading to bachelor’s degrees in …

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