Determining Cost

Cost of Attendance

The first step in evaluating your awards package is understanding how much money you are going to need for college. The Financial Aid Office uses a Cost of Attendance (COA) that is larger than the amount of your University bill you will receive from the Business Office. For awarding purposes, we use both the direct costs (tuition/fees, books/supplies) AND other costs associated with a college education, such as room and board, transportation costs and miscellaneous expenses. We further attempt to anticipate cost increases not yet published. Your COA will vary with state residency status and housing/meal plan choices. Actual costs for the new academic year will be available in July on the Business Office website. Room and Board prices vary depending on residence (W/P = With Parents, OUT = Out of State/Non-Resident).  There is no reward nor penalty for on-campus vs off-campus living.

Plan carefully for what you will need. Some costs, the direct costs billed by Lander, cannot be “trimmed” from your COA. However, if you take the time now to create a reasonable budget, you may be able to reduce your discretionary expenses, and you will be much more successful in your financial planning.

Based on information from the FAFSA, Admissions and the Registrars' Offices, your COA will be assigned to you.  The figures below are rounded averages for each category for determining aid eligibility and are not intended to be exact.  However, if you incur significant expenses in a given category (transportation) due to requirements (travel to clinicals or student teaching, etc.) you may submit documentation of these expenses and request on increase.

The total of all aid cannot exceed your COA.

FALL/SPRING      W/P       IN      OUT       IN       OUT      W/P       IN       OUT
Tuition & Fees $10,000 $10,000 $10,000 $10,800 $10,800 $10,000 $10,000 $10,000
Room & Board $1,500 $7,200 $7,200 $7,200 $7,200 $1,500 $7,200 $7,200
Books & Supplies $1,100 $1,100 $1,100 $1,100 $1,100 $1,100 $1,100 $1,100
Transportation $1,000 $1,000 $1,000 $1,000 $1,000 $1,000 $1,000 $1,000
Miscellaneous $1,600 $1,600 $1,600 $1,600 $1,600 $1,600 $1,600 $1,600
Computer $1,500 $1,500 $1,500          
Non-Resident Fees     $8,800   $9,800     $8,800
Total $16,700 $22,400 $31,200 $21,700 $31,500 $15,200 $20,900 $29,700

* These figures are for the 2012-2013 academic year.  2013-2014 figures will be available in July after tuition/fees and room and board charges are approved.

Consider your resources. After you have determined your Cost of Attendance for the year, deduct your savings, your family’s contributions, and any earnings from a part-time job you currently hold or anticipate having. You may wish to apply these resources before accepting a student or parent loan. BORROW ONLY WHAT YOU NEED!

SPECIAL NOTE: The Business Office doesn't bill up front for books since cost varies by student course enrollment, new/used books, etc.  Lander University does not supply, nor charge you, for a computer, but all freshmen are given an allowance to purchase one if necessary.  If you already have a computer, you can subtract that item from your COA and do not need to borrow to cover an expense you will not incur.