What does COA represent in educational financing?

COA, in the context of educational financing, represents the Cost of Attendance. This term encompasses the total estimated expenses students may incur while enrolled in an educational institution for a particular academic year. The Cost of Attendance typically includes tuition and fees, room and board, books and supplies, transportation, and personal expenses.

Understanding this concept is crucial for students seeking financial aid or budgeting for their education. By knowing the COA, students can better assess their financial needs, compare the costs of different schools, and make informed decisions about borrowing or seeking financial assistance. This comprehensive view helps to ensure that students fully understand their financial responsibilities and can plan accordingly to meet them.