When the Department of Education determines how much aid to award a student, the two biggest concepts are cost of attendance (CoA) and expected family contribution (EFC). EFC is how much the government thinks the student (and their parents if dependent) can be expected to afford without assistance and is calculated from the information submitted on the FAFSA form. CoA is the college’s determinaContinue Reading »
The writers over at the New America Foundation released a report suggesting reforms of federal financial aid. For those of us who haven’t had a chance to read the full thing yet, they helpfully provided a blog post summarizing their recommendations, which is what I’ll be (mostly) reacting to here. Below are a few of their recommendations, followed by my commentary.
The GoodContinue Reading »
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