STUDENT EXPENSE BUDGET
Cost of Attendance
Each institution determines its own cost of attendance or budget. This includes both direct educational costs (such as tuition, fees, books and supplies) as well as indirect educational costs (room and board, transportation and personal expenses). Financial aid can be applied toward direct educational costs as well as indirect educational costs. The student’s total financial aid awards cannot exceed his or her cost of attendance.
There are limits to the amount of financial aid students can receive. When a student’s financial aid exceeds those limits, it’s referred to as an over-award. There are two limits in particular: the student’s cost of attendance and the student’s financial need.
The amounts listed below are standard figures used for budgeting purposes and eligibility for need-based financial aid for the academic year. YOUR ACTUAL TUITION BILL WILL BE LOWER THAN THESE ESTIMATES – they are provided for planning purposes. Please note that tuition and fees are the only costs which are paid directly to Standard College. Books and supplies, transportation and personal costs will vary for each student and are estimates only.
2020 -2021 Cost of Attendance/Tuition and Fees
- COA – Practical Nursing Education Program
- COA – LPN to RN Transition Program (Associate of Applied Science in Nursing)
- Loan Fees: Most federal student loans have loan fees that are a percentage of the total loan amount. The loan fee is deducted proportionately from each loan disbursement you receive. This means the money you receive will be less than the amount you actually borrow. You’re responsible for repaying the entire amount you borrowed and not just the amount you received.
- Room and Board: Typically includes rent & meals. Actual costs may vary by individual choices related to location and circumstances.
- Tuition: Tuition and fees are based on the cost of the entire program.
- Books and Supplies: The average cost of books and supplies for a typical student for an entire academic year. Typically includes books, and educational supplies.
- Transportation: Represents transportation costs to and from class and your co-op employer (e.g., gasoline, tolls, parking, maintenance, etc.)
- Personal Expenses and Miscellaneous: Estimate of costs for clothing, haircuts, entertainment and other miscellaneous expenses. What you actually spend on these types of items may be higher or lower depending on your own lifestyle.