Financial Aid Eligibility Formula Guide

Financial Aid Eligibility Formula Guide

National Association for Student Financial Aid Administrators / December 11, 2019

This info sheet from NASFAA shares insight into the components of financial aid eligibility; what elements factor into calculation of Cost of Attendance (COA), Expected Family Contribution (EFC), and Estimated Financial Aid (EFA); and some examples of how the needs analysis is approached when a student's circumstances change their unmet need.

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