Embedded Files
When a school receives a complete application, they will use the FAFSA and additional forms (if required) to determine eligibility. Majority of institutions will have three main sources of aid. These are:
How do colleges determine eligibility? Each program listed above will have eligibility requirements that will be reviewed by the Financial Aid staff at the college. However, every college is required by the Department of Education to use the calculation below as the basis of a financial aid package.
COA differs from school to school and includes tuition, books, transportation & living expense
EFC number is the result of the completed FAFSA and is determined by the federal government. This number does NOT change based on the school you are attending
Financial Need represents the maximum a college is allowed to award in a combination of all need-based aid including federal, state, institution, grant, work-study, scholarship and/or loan
Sources: UW Dream Project and Department of EducationLearn more about federal funding here https://studentaid.ed.gov/sa/types
Learn more about state aid here http://readysetgrad.org/college/washington-state-financial-aid-programs
You can estimate the amount of federal financial aid you will receive by using a Federal Aid
Calculator at www.fafsa4caster.ed.gov. This will just be an estimate. Your actual financial aid package will be determined by each school you list on your FAFSA.
Report abuse