COA - EFC = Student Need
The Expected Family Contribution is made up of:
* the amount the student's parents can pay from their income and assets;
* the amount the student can contribute from earnings, plus savings account(s); and
* any amount that is being contributed as a non-repayable gift from any source.
The student and parents are responsible for paying what they can; financial aid is intended to supplement such efforts, not substitute for them.
In fact, financing a higher education can be thought of as a partnership among the family, the federal and state governments, and the college or university.
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"An investment in knowledge always pays the best interest. ~Benjamin Franklin"
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