For federal aid applicants, the College Financing Plan is which?

• A. is required to be provided to all prospective and enrolled students
• B. is required to be provided to students receiving VA education benefits
• C. is an agreement between the institution and the student to ensure billed costs are paid
• D. is an optional budgeting tool for families

Answer: (B)

The College Financing Plan is a required disclosure for students using VA education benefits, designed to help them understand how costs will be covered and what they may owe. It lays out the school's cost of attendance, the amount of VA benefits and other aid the student is expected to receive, and the remaining balance the student must pay or finance. Because it specifically shows how VA benefits apply to tuition, fees, and other charges, it’s provided to those receiving VA education benefits. It’s not intended for all prospective students, nor is it an agreement or an optional budgeting tool.