This is an estimate of how much money will be required to attend Brewster for one year including all reasonable expenses. Most people, when budgeting for college, look at the tuition and assume that tuition is more or less the "price tag" for that school, when the reality is that tuition may be as little as 50% of the overall budget. Here are some sample costs of attendance from a survey done by TheStreet.com:
A school's financial aid office generally determines the programs and amounts of aid an applicant receives. This involves determining the cost of attending the college, calculating a student's, Expected Family Contribution and then awarding aid to meet the difference between the two - the calculated financial need.
The Expected Family Contribution (EFC) is the amount a family can be expected to contribute toward a student's college costs. Financial aid administrators determine an applicant's need for federal student aid from the U.S. Department of Education and other non-federal sources of assistance by subtracting the EFC from the student's cost of attendance (COA).
The EFC formula is used to determine the EFC and ultimately determine the need for assistance from the following types of federal student financial assistance: Federal Pell Grants.
The methodology for determining the EFC is found in Part F of Title IV of the Higher Education Act of 1965, as amended (HEA).
Financial aid administrators use the information from the Free Application for Federal Student Aid (FAFSA), including the EFC, to develop a financial aid package. This package specifies the types and amounts of assistance, including non-federal aid, a student will receive to cover his or her education-related expenses up to COA. However, because funds are limited, the amount awarded to a student may fall short of the amount of aid for which the student is eligible.
All data used to calculate a student's EFC come from the information the student provides on the FAFSA.
A student may submit a FAFSA:
- Through the Internet by using FAFSA on the Web
- By filing an application electronically through a school
- By mailing a paper FAFSA to the Central Processing System (CPS).
Students who applied for federal student aid in the previous award year may be eligible to reapply by filing a Renewal FAFSA over the Internet or by submitting a paper renewal application. Applying for federal aid is free. However, to be considered for non-federal aid (such as institutional aid), a student may have to fill out additional forms and pay a processing fee.
We encourage applicants to complete the appropriate electronic version of the FAFSA rather than a paper FAFSA because the electronic versions contain additional instructions and help features, have built-in edits that reduce applicant error, and allow the Department to send application results to students and schools quicker.