The price of attendance (COA) is just how much it's going to price so that you could head to a particular college for one school 12 months. This consists of tuition, space and board , books, materials, along with other related costs. Your COA will differ from school to college.
Your anticipated household contribution (EFC) is calculated through the info you offer regarding the FAFSA. This is basically the amount of cash the federal government thinks your household could reasonably pay money for one year that is academic.
Your EFC subtracted from the schoolвЂ™s COA will equal the studentвЂ™s need that is financial. Therefore if a schoolвЂ™s COA is $15,000 along with your EFC is $10,000, your financial need is $5,000 вЂ” and you'll qualify for aid addressing this quantity.
Economic need may be the value that the FAFSA implies the pupil will need in school funding to pay for the expense of a school that is specific. This number shall change from college to university, once the price of attendance at each and every institution will vary.