Can You Do the Math?
COA – EFC = NEED
Determining Financial Aid Eligibility
Your annual Cost of Attendance (COA) is the total amount of money that
a college or university calculates is required to attend that specific institution.
It usually includes direct costs (such as tuition, books and fees), as well as indirect
costs (such as room and board, transportation and other miscellaneous education-related
Generally, financial aid is intended to help bridge the gap between your COA and
what you and your family can afford to contribute towards your education. Therefore,
your financial aid eligibility is determined by subtracting your Expected Family
Contribution (EFC)—as determined by your processed FAFSA application—from your total
annual COA at a given school.
(Note: Financial aid offices often offer COA estimates and can help answer specific
questions regarding tuition, room and board, and other anticipated fees at the college
or university you will be attending or are considering.)