Financial Need
TEXAS COLLEGE > Financial Aid > Financial Aid 101 > Financial Need


FINANCIAL NEED
Financial need is the difference between the cost of attendance (COA) and the EFC. Each institution determines its own COA, which includes average cost of tuition/fees, books, room and board, miscellaneous and travel expenses. For example: If your COA is $17,296, and your EFC is $2,000, the financial need would be $15,296.


Financial Aid will review your eligibility for need-based programs up to the amount of your financial need, and then review your eligibility for aid programs that are not based on need up to the amount of your COA. Although you may have eligibility for need-based aid ($15,296 in the example), it is not a guarantee that you will receive the full amount due to grant and loan maximums and funding availability.

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