Financial Need, Cost of Attendance and Estimated Family Contribution
Financial need is a student's calculated eligibility for financial assistance which is determined by subtracting the EFC (Expected Family Contribution) from the COA (Cost of Attendance).
Many types of financial aid are awarded on the basis of financial need. Financial aid in the form of grants, loans, scholarships and federal work study can be awarded to meet your financial need. Most federal student aid programs are awarded based on financial need except for Unsubsidized Direct Loans, Direct PLUS (Parent) Loans and TEACH grants.
Expected Family Contribution
Your Expected Family Contribution (EFC) is a number used to determine your federal financial aid eligibility. It measures the strength of your family's resources and its ability to contribute toward your cost of attendance. Your EFC figure is determined by an objective, congressionally approved need analysis formula. It is not the amount of money that your family must provide.
All data used to calculate your EFC comes from the information you provided on the FAFSA. Your family's income (taxable and untaxed) and assets are considered in determining your EFC. Your family size and the number of family members who will be attending a college or career school are also considered.
Your EFC is used in this equation to determine your financial need.
Cost of Attendance - Expected Family Contribution = Financial Need
The EFC Formula Guide can assist you in calculating your EFC.
When you apply for federal student aid, the Financial Aid Office uses your cost of attendance (COA) in determining how much aid you can receive. The COA is the total estimated cost for a student to attend a particular school – expressed as a yearly figure. It is determined using rules established by law.
Cost of Attendance Example
Below is an example of the costs estimated for the following academic year for an independent student who is a Johnson County resident living in an apartment and enrolled in a total of 24 credit hours for the 2016-2017 school year.
$ 2,232 – tuition and fees
$ 1,560 – books and supplies
$ 9.516 – room and board
$ 3,172 – transportation costs
$ 4,934 – miscellaneous and personal expenses
$ 40 – loan fees
$21,454 = total cost of attendance
Cost of attendance expenses include tuition and fees, allowances for housing and food, books, supplies, transportation, miscellaneous and personal expenses and loan fees. Other costs that can be added to COA are dependent care, study-abroad expenses and costs related to a disability. If you have these or other expenses, please contact the Financial Aid Office to see if you qualify to have these included in your cost of attendance.If a student has additional expenses not adequately covered in the standard cost of attendance budget, they must contact the Financial Aid Office and provide documentation to request their budgets be increased. The decision of the Financial Aid Office is final and limited to expenses while attending JCCC.
Estimate Your Own Cost of Attendance
Students can also use the Net Price Calculator. This calculator provides an estimated net cost of attendance. It includes tuition and required fees, books and supplies, room and board (meals), and other related expenses — minus estimated grant and scholarship aid for current and prospective students and their families based on what similar students paid in a previous year.
JCCC Financial Aid students that have been awarded can view their personalized cost of attendance through their MyJCCC account:
- Log in to MyJCCC by entering your JCCC username and password.
- Select the "My Financial Aid" tab.
- Select "Awards".
- Select the appropriate "Aid Year" and click "Submit".
- Select the "Award Overview" tab.
Changes and Adjustments to Cost of Attendance and Budget
Adjusted Annually – Budgets will be adjusted on August 1 to reflect each student’s enrollment.
Tuition Prorated for Enrollment – The tuition, fees, books and supplies of the budgets will be prorated based on actual enrollment.
Limitations for Less than Half-Time Enrollment – If you are enrolled less than ½ time, budgets are not allowed to have miscellaneous and personal expenses included.
Changes to Awards – Changes to your award package may need to be made after the budget adjustments are complete.
Budgets are Based on Fall Enrollment – The budget will be set for the fall and spring semester based on enrollment for the fall semester. If a student is enrolled in less than full-time hours for the fall semester but increases their hours in the spring, they will need to contact the Financial Aid Office for an increase in their budget.
How Cost of Attendance Budgets are Calculated
The following factors are taken into consideration by the Director of Financial Aid when determining the cost of attendance budget for a student:
Tuition is established annually by the JCCC Board of Trustees on a per-credit hour basis. Depending on your verification of residency, your rate is calculated for each of the four residential categories: Johnson County Resident, Non-Johnson County Resident, Metro Rate and Non-Resident. Refer to the current tuition rates by semester and the extended table for each category by the number of credit hours. Budgets may be set up using an estimated cost for tuition rather than actual tuition costs.
Book Costs are based on estimated amounts determined by the JCCC Bookstore for either purchase or rental. The amount currently averages around $65 per credit hour.
Miscellaneous/Room and Board/Transportation Expenses are costs based off of College Board’s Living Expense Budgets. They state that 28% of the budget is Miscellaneous, 54% is Housing (with 26% of that as food) and 18% is Transportation.
Childcare (if added) is based on comparing the Kansas childcare subsidy rate with the rates at the Hiersteiner Child Development Center on campus.
Loan Fees are based on an average of loan fees. All students have it in their budget whether they accept loans or not.