Adjustment for financial aid award?

dufus3709
Wed, 11 May 2005 21:07:58 +0000

Financial aid awards are calculated from the COA and EFC. COA is the Cost of Attendance at the school. The school adds up tuition, room and board, books, fees, and a reasonable amount for travel (as they see it). They expect you to be spartan. EFC is the Estimated Family Contribution based upon your parents and your own income and assets. The EFC is normally a shocker when families see how much they are expected to kick in. NEED is calculated as COA minus EFC. It is their money, and appeals that you need more money for trips home or a computer or anything else will not work.