<p>that financial aid in that university covers on average 96% of all expenses.</p>
<p>No, that’s not what that means. And, it also doesn’t mean that it meets 96% of need.</p>
<p>It means that of the matriculating students, that 96% of THEIR need was met. So, that can mean that a whole bunch of low EFC/high need students were GAPPED big time and couldn’t afford to enroll, so their stats aren’t included. It can mean that mostly affluent students enrolled that had lowish need, and most of that need was met with a small student loan.</p>