How Aid is Calculated
Filling the Gap Between Cost and Need
Finding out how much financial aid you qualify for isn't very complicated. Here's the magic formula:
What is Cost of Attendance (COA)?
- The price tag for a year at the college you're considering.
- Includes fixed expenses like tuition, room and other student fees, and variable expenses like cafeteria, books and other supplies.
- The higher the COA, the more financial aid you're likely to get.
What is Expected Family Contribution (EFC)?
- The dollar amount you and your family can reasonably be expected to contribute toward college.
- Determined by submitting the Free Application for Federal Student Aid (FAFSA).
- Calculated by the federal government, not WWU.
- Contestable, if you feel the FAFSA results don't reflect your unique family financial situation.
What is Financial Need (FN)?
- The difference between COA and EFC.
- Offset by financial aid--grants, scholarships, loans and work-study.
In other words, financial aid fills the gap between what college costs and what you and your family can afford to pay, and makes a Christian education possible.
Last update on August 29, 2012