Financial Aid What is Cost of Attendance (COA)?

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Presentation transcript:

Financial Aid What is Cost of Attendance (COA)? In this presentation we’ll talk about Cost of Attendance or COA which are also known as student budgets.

Cost of Attendance Your budget is the estimated average and reasonable cost of completing an academic year at Touro University California. Your budget serves as the foundation for determining your financial need as well as the amount of aid that can be offered to you including federal loans, work study, and scholarships. Official Definition: Cost Of Attendance (COA) is a term defined and regulated by the Department of Education for the estimated reasonable cost of completing a full academic year as a full-time student.

Cost of Attendance In real terms, the COA helps you estimate your budget.  Included in your COA are: Tuition and Fees - charged by TUC – these costs are fixed. Tuition is charged at a flat rate per semester for COM, COP, and the PA program. (With an exception for repeating courses in some cases) Our MPH, Nursing, DNP, FNP, and GSOE programs all charge by the credit hour. You can see the charges for your program on our tu.edu website on the Financial Aid pages under Cost of Attendance and on the Bursar’s Pages under Tuition Memo.

Cost of Attendance Books and Supplies costs shown in your COA include the full recommended list and are purchased on your own. You have some control over where these are purchased or rented, bought new or used, Obtained as ecopies or hard copies, or even checked from the library Student Health Insurance Plan (SHIP) The cost is fixed if you use the plan from TUC If you don’t use our plan, these costs stay in your budget to help you with costs associated in maintaining a required plan of your own. Loan Fees - These are deducted by the federal government on a percentage basis before the loan is disbursed to your TouroOne account. See more on our loan page here.

Cost of Attendance Your estimated cost for living expenses were determined by student survey and adjusted annually for inflation: Room & Board Expenses Personal Expenses Transportation Expenses Review all of the year’s expenses for your program. In many cases the 2nd year of the program has a lower budget than the first year. There are higher costs for transportation expenses in the years when you are on clinical rotations.

Cost of Attendance The COA includes costs for the student only. Adjustments can be made on a case by case basis – but only for items covered by statute and with documentation. These are noted below: For a student with dependents, an allowance for costs incurred for dependent care Transportation costs (i.e. Auto repair for example or maintenance, but we cannot include car payments or insurance) Documented Medical expenses paid in the current year Expense related to a student with a disability .

Questions? Email us at finaid@tu.edu or call us at 707-638-5280 Physical Location: 690 Walnut Avenue Vallejo, CA 94592 Mailing address: 1310 Club Drive Vallejo, CA  94592 Our contact information and special hours are available and updated on our website