Cost of Education
The cost of attendance (COA) is a factor used to determine a student’s eligibility for financial aid. It does not represent how much a student owes the college. The COA represents an estimate of how much money it costs to live as a student for one year, including all direct and indirect costs. Some of the components of the COA are
-Tuition and fees
-Supplies (like a computer)
-Dependent care (if applicable)
-Expenses related to a disability (if applicable)
-Other personal expenses
The COA is put into an equation to calculate a student’s financial need. The Expected Family Contribution (EFC), which is determined by filling out the FAFSA, is subtracted from the COA to determine a student’s financial need:
Cost of Attendance – Expected Family Contribution = Financial Need
The Financial Aid Office uses your Financial Need to determine your eligibility for certain types of grants and loans. When you are offered your Financial Aid Award Package from Ecclesia College, you will see this equation followed by the grants and loans you are being offered to help fill you Financial Need. To estimate how much you will owe directly to the college, use our EC Financial Estimator.
NET PRICE CALCULATOR
Colleges are required by the U.S. Department of Education to post a Net Price Calculator on their website. Its purpose is to give you a realistic estimation of the holistic cost of attending a college, which you can use to compare to other colleges’ Net Price. The Net Price does not represent how much a student will owe the college, but rather a general idea of how much money it will take to live as a student.
The Net Price Calculator asks for some basic information from a student which is used to estimate the student’s Cost of Attendance and grant aid. Please keep in mind that the Estimated Net Price generated includes all the COA components, and does not represent how much you will owe the college.
To estimate how much you will owe directly to the college, use our EC Financial Estimator.