Cost of Attendance and Financial Need

Question 1

The Higher Education Act names cost categories that can be included in Title IV student aid budgets:

Answer 1

1. Tuition and Fees
2. Books, Supplies, Transportation and Miscellaneous Personal Expenses
3. Room and Board
4. Dependent-Care Expenses
5. Study-Abroad Expenses
6. Disability-Related Expenses
7. Employment Expenses for Cooperative Education
8. Student Loan Fees

Question 2

Tuition and Fees Expenses

Answer 2

Depends on: education level, enrollment status, state/county residence, program of study, course requirement fora computer, whether there is a cost associated with obtaining a 1st professional license

Question 3

Books, Supplies, Transportation and Miscellaneous Personal Expenses

Answer 3

Depends on: education level, enrollment status, program of study, school or home residence

Question 4

Room and Board

Answer 4

Depends on: length of enrollment, school residence, enrollment status

Question 5

Dependent-Care Expenses

Answer 5

Include if: student must pay dependent care to attend

Question 6

Study-Abroad Expenses

Answer 6

Include if: student is enrolled at least half time in a program earning credit at the home school

Question 7

Disability-Related Expenses

Answer 7

Include if: Students needs specific disability assistance not already covered by an agency to attend

Question 8

Employment Expenses for Cooperative Education

Answer 8

Include if: Student is enrolled at least half time in a co-op program

Question 9

Student Loan Fees

Answer 9

Include if: Student’s financial aid package contains a Direct Loan (including PLUS Loans)