Need

Financial need is the number that results when the student's EFC is subtracted from the COA. In the following example the student's estimated cost for tuition, fees, books, housing, meals and personal expenses totals $30,000 for one academic year.

	$30,000	COA
-	$   5,820	EFC
=	$24,180	Need

In this example the student is eligible for a maximum of $24,180 in financial aid that is based upon need.