How do colleges calculate student financial aid?
A. Colleges calculate student financial aid awards by calculating the college’s cost of attendance (COA) and then subtracting the expected family contribution (EFC). Any remaining amount may be funded with financial aid. Other considerations are, how early the financial aid application is filed and the particular school’s available financial aid resources.
A. Colleges calculate student financial aid awards by calculating the college’s cost of attendance (COA) and then subtracting the expected family contribution (EFC). Any remaining amount may be funded with financial aid. Other considerations are how early the financial aid application is filed and the particular school’s available financial aid resources.
Colleges calculate student financial aid awards by calculating the college Cost Of Attendance (COA) and then subtracting the expected family contribution (EFC). The Expected family Contribution is an external evaluation of the family’s ability to pay for the student’s college costs based on the previous year tax return and a listing of assets held. It is a national formula, which treats the incomes of families in the Mid West or the Deep South; the same as of the families in say the North Eastern USA. Any remaining amount may be funded with financial aid. Other considerations are how early the financial aid application is filed and the particular school’s available financial aid resources. Surekha is a Certified College Planning Specialist. Please call us for an appointment so that we can help you.
A. Colleges calculate student financial aid awards by calculating the college’s cost of attendance (COA) and then subtracting the expected family contribution (EFC). Any remaining amount may be funded with financial aid. Other considerations are how early the financial aid application is filed and the particular school’s available financial aid resources.
Colleges calculate student financial aid awards by calculating the college’s cost of attendance (COA) and then subtracting the expected family contribution (EFC). Any remaining amount may be funded with financial aid. Other considerations are how early the financial aid application is filed and the particular school’s available financial aid resources.
