<p>
It could also mean that Vandy is around $1200/yr cheaper than Chicago. Or it could mean that the average EFC of Vandy students is $1200 higher.</p>
<p>And “average” can mean half the kids have no loans, but the other half have double the average. Unless you know which half you are in, the average isn’t very helpful.</p>
<p>So I tend to think that particular statistic is pretty useless.</p>