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What does financial need mean on FAFSA?

Heather Maxwell

in Student Loans

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Samantha Barber on October 26, 2018

When related to the FAFSA, your financial need is the difference between the cost of attendance and at a school (abbreviated as COA) and your Expected Family Contribution (EFC). Your cost of attendance will vary depending on what school you would like to attend, but your EFC will remain the same.


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