FEDERAL SCHOOL CODE: 001758 Eligibility : A Free Application for Federal Student Aid (FAFSA) , which uses a standard need analysis formula to calculate financial aid eligibility, must be completed each year. An expected family contribution (EFC) is calculated for each student based on their income, net worth, resources, family size, the number of family members attending post-secondary education, and other factors. Financial aid is "packaged" as a combination of loans and, if applicable, scholarships to meet the financial need. Application Procedures : To apply for financial aid at SIU School