The term Cost of Attendance (COA) refers to an estimate of total expenses that students may incur while attending school for the academic year which will include direct institutional costs as well as indirect costs. This estimate is utilized in the mandated calculation to determine a student's eligibility for Title IV Federal Financial Aid programs consisting of grants, work-study and student loans; however, students may wish to refer to these estimated expenses to assist in their budget planning process. This estimated COA includes an average of tuition, mandatory fees, books/supplies, housing, board and allowable living expenses.
Federal aid applicants are assigned an estimated COA based on their class level, residency status and living arrangements (i.e. on-campus, off-campus or with parents). Students with expenses associated with dependent care, studying abroad, disability accommodations or the purchase of a computer should contact the Financial Aid Office to potentially have their COA increased and their aid eligibility reevaluated. Please note that adjustments made to student's COA due to the purchase of a computer will be a one-time adjustment. Actual direct institutional costs to attend Georgia College are available from the Business Office and will be assessed on student's accounts based on the number of hours enrolled, on-campus housing and meal plan charges.
Your actual direct cost should not be confused with your federal financial aid cost of attendance. Undergraduate and Graduate direct costs can be viewed from the Business Office.
Expected Family Contribution (EFC)
Expected Family Contribution (EFC) is derived from a congressional formula that is applied to a student's family income as reported on the Free Application for Federal Student Aid (FAFSA) each year. The EFC is used to determine your eligibility for the federal student aid programs.
Federal Financial Need Determination
Federal financial need is the difference between the estimated Cost of Attendance (COA) and the Expected Family Contribution (EFC).