What is the purpose of a COA estimate when applying for PNC Bank private student loans?

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COA estimate plays an important role when applying for PNC Bank private student loans. The main purpose of this estimate is to consider the cost of college which gives students an idea about the amount required in financial aid. When estimating the COA, students are advised to include tuition fee, room & board expenses, stationary costs, transportation costs and miscellaneous expenses. Students applying for financial aid are recommended to apply for federal loans first before turning to private loans.