COST OF ATTENDANCE AND BUDGETING
THE COST OF ATTENDANCE USED TO CALCULATE YOUR FINANCIAL NEED IS IN THE TABLE BELOW. Cost of Attendance Academic Year 2017-2018
Students Living with Parents
$51,090 $51,090 $51,090
Mandatory Fees (activity, health, transportation)
Books & Supplies
$300 $300 $300 $70,108
*Standard transportation listed. Higher travel allowances exist for international students and most out-of-state residents.
The Financial Aid Office determines standard Cost of Attendance budgets as a basis for awarding financial aid. These budgets reflect modest but adequate expense patterns of University of Rochester students based on research conducted by the Financial Aid Office. While individual expenses vary based on lifestyle, estimated costs are helpful in planning your own budget.
TUITION AND FEES Rates listed in the chart are for full-time credit hour load, defined as at least 12 credits per semester. Students who elect fewer than 12 credit hours are considered part-time students and should consult with a financial aid counselor.
BOOKS AND SUPPLIES Costs vary by program, course load, and classes selected. You may reduce your costs significantly by buying used books, renting books, or by using the University’s library and reserve book system.
PERSONAL EXPENSES/MISCELLANEOUS This category represents every other student expense — meals not covered under the standard meal plan contract, cell phones, clothes, personal hygiene, entertainment, etc. This is the most variable and personal component of any student’s budget. The financial aid budget allows about $540 per semester. Remember: Personal spending can make or break a budget! 4
FINANCIAL AID NEWS | University of Rochester | Summer 2017
ROOM AND BOARD (HOUSING COSTS) Housing costs will vary significantly based on your living arrangements. University residence halls offer a variety of room types and meal plans. The Financial Aid Office uses an estimated standard double occupancy rate in the budget to determine aid eligibility. Off-campus housing: The Rochester community offers many housing options for those who are able to live off campus. The financial aid budget allows for off-campus rent and food costs. You should carefully evaluate your costs and speak with your financial aid counselor if you choose to live off campus.
STUDENT LOAN FEES If a Federal Direct Stafford Loan is included in your aid package or if your parents borrow a Federal PLUS loan, an additional allowance can be made in your student expense budget for required loan origination fees.
OTHER ADJUSTMENTS TO THE STUDENT EXPENSE BUDGET The Financial Aid Office has some discretion in developing a realistic budget for an independent student’s particular situation. If you are an independent student, the budget in your financial aid award may reflect adjustments to the standard budget to accommodate your circumstances.
Published on Jun 8, 2017