Cost of Attendance (COA)
The Cost of Attendance (COA) includes both Direct and Indirect Costs and assumes you will enroll full-time each semester/term (12 or more credit hours). If you do not enroll full-time, your COA is adjusted, which may result in a reduction of some federal aid award amounts. An itemized list of the COA components is listed on your financial aid award letter. Please note that the COA is not your charges. Refer to your myABC portal to see your total charges.
• Direct Costs – Costs that all students enrolled at Arkansas Baptist College (ABC) are charged that are associated with your courses and program. Direct Costs include Tuition, Fees, Room and Board (only if you live on campus).
• Indirect Costs – Costs that students enrolled at Arkansas Baptist College (ABC) are not assessed. Indirect costs are variable expenses that include books and supplies, transportation, personal expenses, and miscellaneous expenses that ABC estimates it will cost you during the academic year.
Expected Family Contribution (EFC) is calculated from the information that you provide on the Free Application for Federal Student Aid (FAFSA).
Financial Need – The difference between the cost of attendance (COA) at a school and your Expected Family Contribution (EFC). COA varies from school to school, your EFC does not change based on the school you attend.
COA minus EFC = Financial Need
Pell Grant Award – Your PELL Grant is based on the EFC that is calculated from your FAFSA. PELL is automatically adjusted based on your enrolled credit hours (12hrs or more = Full-time, 9-11hrs = Three-Quarters time, 6-8hrs = Half-time, and 1-5hrs = Less Than Half-time) Federal Direct Loan Award – Your Direct Loan award amounts are awarded based on your grade level (Freshman, Sophomore, Junior, and Senior). Your grade level is determined by the number of hours that you have earned at ABC and/or accepted and transferred to ABC. See page regarding Types of Aid.
Scholarships- Scholarship awards are need or non-need resources that you may receive to pay your educational costs incurred at the school. This may come from the Institution or entities independent of the institution. Most scholarships are considered need-based and does have a direct effect when calculating your financial need and may affect the amount of other federal aid (i.e. – Loans).
Scholarship aid is awarded based on requirements by the school and the respective scholarship donor.