How Much Does College Cost?
How Much Financial Aid Will You Need?
The Formula: COA-EFC=Need

Cost of Attendance (COA): College expenses vary greatly. Each college estimates the COA by adding together: Tuition, fees, room and board, transportation, books, supplies, and other miscellaneous living expenses.

Expected Family Contribution (EFC): Using the information your family provides on the FAFSA, the federal government calculates your EFC (the amount you and your family are expected to be able to contribute toward college expenses). This is only an estimate. The EFC is determined by family income, assets, and size. It takes into consideration your family’s living expenses and the number of family members in college.

Financial Need: This is the amount of the financial aid award package that you need from the college. The award may consist of a combination of scholarships, grants, loans, and work-study.

CPS Scholarship Resources

We are pleased to provide CPS students with scholarship resources to assist with post – secondary opportunities. Please review and contact the CPS Scholarship Manager via email at CollegeScholarships@cps.edu with any questions or concerns.

 

FAFSA

The first step in getting your hands on grants, scholarships, work-study and loans is to complete a Free Application for Federal Student Aid (FAFSA). You should do this for each year you plan to be in college, starting on January 1.

 

Click here to find out how to apply for Financial Aid.

 

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