During your application process, you will be introduced to the following terms:
- Cost of Attendance (COA)
- Expected Family Contribution (EFC)
- Financial Need.
Cost of Attendance (COA) includes the estimated cost of college fees, books and supplies, room and board, transportation and personal/miscellaneous expenses.
The EFC is the amount you (and if applicable your family) can contribute toward the cost of attendance. The federal processor calculates the EFC using the information you reported on your FAFSA. Sometimes corrections are required and may result in a change of the EFC.
Financial Need is determined by subtracting the expected family contribution from the cost of attendance. Need is the maximum amount of need-based aid you can receive in a given academic year.
If you filed a FAFSA and are eligible for financial aid, you will receive an Offer Letter. This letter will detail what types of aid you could receive once enrolled for classes. The way financial aid award amounts are determined is summarized below.