What is an FNA? The Financial Needs Analysis (FNA) provides agencies with the student’s financial status and unmet need figures used to determine eligibility for agency funding. Unmet need is determined by taking the BCC federally calculated student expenses minus resources available to the student.
These resources may include grants, loans, scholarships, the Estimated Family Contribution (EFC), and private funds.
EFC? The EFC is determined by information the student provides when they complete and submit the Free Application for Federal Student Aid (FAFSA), enrollment, and if a student is making Satisfactory Academic Progress when the request is completed is also reported.
How to Request a Financial Aid Needs Analysis (FNA): First, the student’s FAFSA must be on file with BFCC before an FNA request can be made. All students must complete the BFCC form online here in JICS. Other individual agency forms will be completed, as with the BFCC FNA form. Email them or hand them in.
Once the request the FNA is submitted to the BFCC Financial Aid Office. Please allow three (3) days for processing.
BFCC can only complete an FNA for a student with a FAFSA on file. This assures the college provides the agency with the most accurate financial aid information at the time of the request. Exceptions can only be made for students on suspension of financial assistance or default status.