How Does EFC Affect Financial Aid in Nursing Programs?
The EFC is subtracted from the total cost of attendance (COA) at a nursing school to determine a student's financial need. For example, if the COA is $30,000 and the EFC is $5,000, the student's financial need is $25,000. This need will be met through a combination of federal and state grants, scholarships, work-study programs, and loans. Understanding this can help nursing students anticipate their out-of-pocket costs and explore various funding options.
