Need Analysis Process
Registration Process
Student Application Process
Need Analysis Process
Packaging and Awarding
  By providing you a projected Expected Family Contribution (EFC) through Federal Methodology and the Need Access Analysis, you receive a comprehensive examination of a student's financial circumstances.

The Need Access analysis is more sensitive than the Federal Methodology, taking into account unique student circumstances and is responsive to your institutional policies by giving you the ability to craft custom questions.

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In addition, Need Access can identify scholarship eligibility and uncover other family assets by including questions about home equity and retirement accounts to help determine the most accurate EFC.

When your students' application are complete, their data is processed in the Need Access processing center and is then ready to download to the Need Access software where you can:

  • Create budgets, export data, and view standard reports with ease
  • Quickly access, sort, and analyze application data
  • Manage the data to align with your students' financial circumstances and your packaging strategies
  • Keep all your records in a database for easy reporting and analysis

Student Methodology Comparison

  Federal
Methodology (FM)
Need Access Methodology (IM)
Analysis Type    
Auto Zero Yes No
Simple Yes No
Regular Yes Yes
Income    
Base Year Yes No
Projected Year No Yes
Reduced for Federal Income Exclusion Yes Yes
Allowances    
U.S. Taxes Yes Yes
State & Other Taxes Yes Yes
FICA No Yes
Medical / Dental No Yes
Tuition Paid Yes Yes
Employment No Yes
Summer Expenses Yes Yes
Income Protection Yes Yes
Assets    
Cash Yes Yes
Home Equity No Yes
Other Real Estate / Investments Yes Yes
Retirement Accounts No Yes
Business Yes Yes
Farm Equity (family resides on farm) No Yes

Parent Methodology Comparison

  Federal
Methodology (FM)
Need Access Methodology (IM)
Analysis Type    
Auto Zero No No
Simple No No
Regular Yes Yes
Income    
Base Year Yes No
Reduced for Federal Income Exclusion Yes Yes
Allowances    
U.S. Taxes Yes Yes
State & Other Taxes Yes Yes
FICA Yes Yes
Medical / Dental No Yes
Tuition Paid No Yes
Employment Yes Yes
Income Protection Yes Yes
Assets    
Cash Yes Yes
Home Equity No Yes
Other Real Estate / Investments Yes Yes
Business (100+ employees) Yes Yes
Small Business (< 100 employees) No Yes
Farm Equity (family resides on farm) No Yes
Registration Process
Student Application Process
Need
Analysis Process
Packaging &
Awarding Process