Cost of Attendance: Is More Standardization Needed?

As one-half of the need formula, cost of attendance (COA) is a major factor in determining a student’s need and aid amounts, particularly loans. Although Congress defines COA components, schools set the actual amounts, and they may vary greatly – even between schools that are relatively similar or share the same geographic area. Congress, researchers, and the media have questioned the validity of institutionally-established costs, calling for more outside control. Come hear what NASFAA’s COA Construction Working Group has concluded about school practices, underlying theory, and more standardization of costs.