For cost of attendance allowances that include Federal student loan origination fees, which type of costs may be used?

• A. Minimum or maximum
• B. Actual or excessive
• C. Average or actual
• D. Estimated or projected

Answer: (C)

Average or actual costs may be used.

When calculating cost of attendance, especially with loan origination fees included, schools may base COA on either the actual costs a student incurs or an established average for students in similar situations. This approach keeps the aid calculation realistic and fair, reflecting real expenses rather than extreme values. Using minimum, maximum, or solely estimated/projected amounts would not align with how COA is set to represent typical or actual student costs.