What is a "meets need" school and what does it mean?
Got a low FAFSA EFC? You may have some options!
While the sticker price for college is certainly shocking, there are financial options for many families based on their financial need.
Some colleges promise to meet the financial need of accepted students whether they are in-state, out-of-state, or international students.
Demonstrated financial need is the financial gap between your FAFSA EFC and the cost of attendance at the particular school. Generally, your EFC increases with your income and assets. Cost of attendance is generally the total cost including tuition, fees, room, board, books, and other costs associated with attending that college.
If your FAFSA EFC is 0, then a 100% meets need school, without loans, might be the way to go. With an EFC of 0, that college may cover 100% of the cost of attendance and your teen would attend that college for free. Of course, your teen still needs to be accepted.