An estimated Cost of Attendance (COA) provides students and parents with projected educational costs associated with full-time attendance. Knowing the Cost of Attendance can help you budget and better plan the financing of your education.
While Tuition & Fees make up a substantial portion of the Cost of Attendance at Roosevelt, we include other expenses as well, such as estimates for the cost of books, supplies, transportation and other personal expenses.
Roosevelt’s estimated Cost of Attendance, sometimes referred to as cost of education or student expense budget, is comprised of Direct Costs (charges billed directly to you by the University) as well as Indirect Costs (estimated out-of-pocket costs). Your actual charges may vary depending upon your course load, housing status, method of purchasing books and the lifestyle choices that you make.
Tuition and fees are based on a full-time credit hour load, defined by the University as 12-18 credit hours per term for undergraduate students. Students who elect fewer than 12 credit hours are charged on a per credit hour basis. Those who elect more than 18 hours must pay for the additional credit hours.
For financial aid eligibility purposes, full-time for graduate students is defined as 9 credit hours per term.
On-Campus Housing: Students who wish to live on campus may choose to live on the Chicago campus in the Wabash Building or in the University Center. http://www.roosevelt.edu/ResidenceLife
Off-Campus Housing: The community offers many options for living arrangements. The financial aid budget allows for off-campus rent, utility, and food costs up to the estimated cost for a standard double-occupancy room in a campus residence hall. However, your costs will depend on your housing arrangements and lifestyle. We suggest you evaluate carefully the costs you might incur by living off-campus.
Commuting: Students who live at home and commute to campus will reduce room and board costs significantly. The allowance for room and board in the financial aid budget for commuting students acknowledges ongoing family household expenses (food, utilities, etc.) and transportation costs.
Costs vary by program, course load, and classes selected. The book and supply allowances on this page are averages. You may be able to reduce your costs significantly by buying used books and by using the university's extensive library and reserve book system.
This category represents every other student expense--transportation, meals not covered under the standard meal contract, long distance phone calls, clothes, personal hygiene, student insurance, entertainment, etc. It is the most variable and personal component of anyone's budget. The financial aid budget allows about $67 per week. Personal spending can make or break a college budget. The most important thing is to set yourself an allowance, keep track of your expenses, and stick to your budget. Keep in mind:
The four Cs -- cars, clothes, credit cards, and cell phones -- can bust your budget!
A college's official COA is an important factor in your plan for paying for college, but it doesn't tell the whole story. The bottom line is net price—the total out-of-pocket cost that you will actually pay. Net price includes the amount the college expects you and your family to contribute to your education (your EFC), any financial need you have that the college is not able to cover, and any financial aid awarded to you in the form of loans or work-study earnings (money which ultimately comes out of your pocket).
Keep in mind that your actual costs of attending a college may differ from the college's estimated COA. After all, the college uses an average, and each individual's circumstances are different. Your living costs might be different than what the college estimates. Your personal costs might add up to more if you are very actively involved with cultural and recreational activities around campus, or fly to the college from a great distance.
If your costs are higher than the college's COA, the college isn't likely to adjust its official cost of attendance unless your major comes with extra expenses such as lab equipment. But it doesn't hurt to call the financial aid office to discuss the situation. You might be able to negotiate for some additional aid.
Direct Costs are charges that appear on your tuition bill, such as tuition & fees and room & board. Direct Costs are paid to the University.
For undergraduate students, the tuition and fees for the academic year are:
College of Arts and Sciences
Heller College of Business
College of Education
Evelyn T. Stone College of Professional Studies
Chicago College of Performing Arts
Tuition and fees for part-time students, graduate and doctoral students can be found on Roosevelt’s website http://www.roosevelt.edu/StudentAccounts/TuitionAndFees
Roosevelt students can choose to live on campus and be billed directly for room and board charges. Costs to live on campus vary between the Wabash Building and the University Center, based on the type of room and meal plan you choose.
The costs for all living plans in both buildings can be found on Roosevelt’s website at http://www.roosevelt.edu/StudentAccounts/TuitionAndFees
Indirect Costs include items such as books and supplies, transportation and personal expenses. These are estimated amounts that you may have as expenses and are not paid directly to the University.
Total Estimated Cost of Attendance for 2014-2015 (both direct charges to the College and expenses anticipated that you will have as expenses indirectly – not charged from the College)
FATV - How to pay for College?
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