14 Must-Know College Financial Aid Terms for Parents

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When applying for financial aid, parents are often introduced to terms they’d never heard of before.

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14 Must-Know College Financial Aid Terms for Parents

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College Grants

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Cost of Attendance (COA)

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Expected Family Contribution

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Federal Application for Federal Student Aid

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Swipe up to learn more financial aid terms.

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14 Must-Know College Financial Aid Terms for Parents

When applying for financial aid, parents are often introduced to terms they’d never heard of before.

14 Must-Know College Financial Aid Terms for Parents

College Grants

They are often based upon a person’s financial need, unlike loans, they typically don’t need to be paid back.

Cost of Attendance (COA)

COA is the sum of all costs to attend college in a given year.

Expected Family Contribution

The EFC is calculated through a formula to determine the financial strength of the family of a student

Federal Application for Federal Student Aid

FAFSA® is the official government form that students must fill out to be eligible for federal student loans and grants

Swipe up to learn more financial aid terms.