You’ve filled out the Free Application for Federal Student Aid (FAFSA), submitted your college applications, and have received your acceptance letters, so what comes next? Welcome to the confusing task of reviewing and understanding your financial aid award letter! If you’ve received your letter and are wondering what COA, EFC, Subsidized, and Unsubsidized mean, never fear, we are here to help!
First, it’s important to know how your college calculated your award package. When you completed the FAFSA, this information was sent to your prospective colleges and you were assigned an Expected Family Contribution (EFC). Colleges use this number, along with the Cost of Attendance (COA), to determine the amount of financial aid you may be entitled to receive. Each college has different variables when determining their COA, with many including tuition, fees, books and housing in the calculation. Read the rest of this entry »
Subscribe to this blog
Subscribe to RSS feed
Join Us
Become a fan of ScholarshipExperts
Follow us on Twitter
Categories
- Career Planning (11)
- College Life (12)
- College Planning (30)
- Paying for College (30)
- Scholarship Help (26)
- Scholarship Opportunities (44)
- ScholarshipExperts News (13)
- Uncategorized (1)
Archives
- May 2013
- April 2013
- March 2013
- February 2013
- January 2013
- December 2012
- November 2012
- October 2012
- September 2012
- August 2012
- July 2012
- June 2012
- May 2012
- April 2012
- March 2012
- February 2012
- January 2012
- December 2011
- November 2011
- October 2011
- September 2011
- August 2011
- June 2011
- April 2011
- March 2011
- February 2011
- January 2011
- December 2010
- November 2010
- October 2010