In my last blog we discussed the components of the Cost of Attendance (COA) and Expected Family Contribution (EFC). Financial aid offices subtract the amount families are expected to contribute toward the student's education from the calculated COA for their school. The result is the amount of need the student has and this is the financial aid ceiling for that student - in … [Read more...] about Income Adjustments & Your College Financial Aid
Cost of Attendance
Cost of Attending College
When people think about the cost of attending college, they often think of tuition and fees. Sometimes they remember books. The cost of college is more than those two items. When the Department of Education crunches your numbers and determines if you are eligible for federal aid, they use the formula-COST OF ATTENDANCE minus EXPECTED FAMILY CONTRIBUTION equals NEED. It is … [Read more...] about Cost of Attending College