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Message: [QUOTE="Hoo's That, post: 1544010, member: 3609"] Each school calculates it for themselves. There is no set formula. They have to file that figure with the US Department of Education which uses it compute Federal aid like Pell Grants. I would presume the officer signing the form certifies everything is correct under penalty of perjury, like all Federal forms say at the bottom. I would hope it would set off red flags at DoEd if some SEC school tripled its CoA figure just to give more to the athletes. I imagine it would vary from state to state, depending on their particular laws, about whether school financial aid funds will be used to pay the stipend or if the booster club will have to raise that money (which will be the case at UVa). [/QUOTE]