Financial Aid Terms

• Expected Family Contribution (EFC)
  • This is the amount you and your family are expected to contribute toward your education. The EFC is determined by the Federal processors from the FAFSA information that you supply.
• Cost of Attendance (COA)
  • Cost of Attendance (COA) is an estimate of cost incurred while attending Lane.
  • Also known as the Student Budget or Standard Expense Budget.
  • The budget includes allowances for tuition, fees, textbooks, supplies, transportation and living expenses.
  • It may include an allowance for childcare costs based on average rates in the Eugene/Springfield areas.
  • If you are required to pay additional program costs, program fees, or differential fees, you may request a budget adjustment by submitting documentation of the additional costs to Enrollment and Student Financial Services.
  • Budgets differ for Away From Home and Living At Home
    
• Student Need
  • Your Student Need equals the Standard Expense Budget total minus the EFC and other outside resources. The aid that is awarded to you my not meet 100% of your need or your budget.
    
    Cost of attendance (Standard Expense Budget)
    - EFC (Expected Family Contribution)
    - Outside Resources
    Student Need
    
    Student Need is filled first with Grants, FWS & Sub. loans. Then Unsub. loans are added.