how is needbased aid determined?

How Is Needbased Aid Determined?

Answers

Answer 1
The financial aid staff starts by deciding upon your cost of attendance (COA) at that school. They then consider your Expected Family Contribution (EFC). They subtract your EFC from your COA to determine the amount of your financial need and therefore how much need-based aid you can get. I hope it helps
Answer 2

The need-based aid is determined through FAFSA. The correct option is C.

What is need-based aid?

The classification "need-based" is based on a student's financial necessity. A need-based grant, for instance, might be given out based on a student's low income.

Scholarships awarded to students based on financial need are known as need-based scholarships. Students from low-income families may be eligible for need-based scholarships, and eligibility is often decided by family income.

The first step in the financial aid process is determining your cost of attendance (COA) at that institution. Then take into account your anticipated family contribution To calculate your financial need and the amount of need-based help you are eligible for, they subtract your EFC from your COA.

Therefore, the correct option is C. through FAFSA.  

To learn more about need-based aid, refer to the link:

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