The colleges or professional schools you list on your Free Application for Federal Student Aid FAFSA will use various data to calculate your aid.
What is need-based aid and how does my school calculate how much I will receive?
Your college or career school first determine if you have a financial need using this simple formula:
your COA is $ 16,000 and your EFC is 12,000?
no
Could you tell me what is the expected family contribution (EFC)?
Your EFC is an index number that college financial aid staff use to determine how much financial aid you would receive if you went to school. The information you report on your FAFSA is used to calculate your EFC.
What do you recommend to learn more about this?
If you want a long answer, read on! This way you will understand all your concerns
What if my COA is $ 16,000 and you have been awarded a total of $ 4,000 in need-based aid and private scholarships?