1. Moving Off Campus Center for College Student Success College Aid QuestBridge Tuesday, January 17, :30pm

2. Cost of Attendance Budget (2016-2017)
On-Campus
Off-Campus
Tuition
$50,997
Student Life Fee (plus O Week fee for first-years)
$1,494
Room & Board
$15,093
$12,021
Books/Personal Expenses
$3,975
TOTAL*
$71,559
$68,487
Quarterly
$23,853
$22,829
This is a budget, not an award. Cost of attendance is figured by adding tuition, fees, along with room and board and an allotment for books and personal expenses. You can see that room and board budget goes down by about $3000 for students living off campus. The $15,093 is the exact amount that you are charged for housing and dining on-campus as a first year.
On the next slide we’ll break down the quarterly cost of attendance…

3. Example Account for Student on Full Financial Aid
First-Year
On-Campus
Second-Year
Off-Campus
Cost of Attendance
$24,293
$23,853
$22,829
- Tuition & Fees
- $17,883
$17,497
- Housing & Dining
- $5,031
Single: -$5,138
Double: -$4,740
Balance
$1,379
Single:-$1,218
Double: $1,616
$5,332
- Work Expectation*
-$660
-$800
Refund
$-719
Single: -$418
Double: -$816
-$4.532
Number at the top is the quarterly COA, and we’re going to take a look at this how works for a student with no expected family contribution beyond the summer work expectation. If you have an EFC or work study, the bottom line will look different for you. Subtract out tuition, fees, and the housing charges and you can see what you are left with for books and personal expenses.
One thing to note is that financial aid uses $5,031 as the budget for students living on campus this year. As a second year, if you live on campus you would pay slightly more or slightly less than that, depending on single or double room.
Work expectation is a line on your financial aid award letter, but it’s not aid. It’s what you’re expected to contribute from your summer earnings. This school year, all first years summer work expectation was $1,980 and all second-years was $2,400
Balance line indicates what is left for a fully funded student before their summer work expectation is factored in.
Subtracting what they are expected to contribute, a fully aided student who received $665 in refunds quarterly first-year on-campus, would receive $418 in a single, $816 in a double, and $4532 off campus quarterly. This will vary based on expected family contribution (if it’s higher than just the summer work expectation) or outside scholarships.
If you have an EFC beyond summer work contribution, an easy way to figure out what you’d pay or get back quarterly is to take all of your grant/scholarship aid for a quarter, subtract tuition and fees for the quarter, and then subtract $1,000 (since the budget for off campus goes down by about $3,000 for the year).
*Summer Work Expectation ( ):
First-Years: $1,980 (660/quarter)
Upperclassmen: $2,400 (800/quarter)

4. Housing Charges for Upperclassmen (2016-2017)
First Year Room Rate
All First Year students pay the same room rate, regardless of room type: $9,084
Upperclass/Transfer Student Room Rates
Double in Burton-Judson, Campus North, I-House, Max Palevsky, Snell-Hitchcock, Granville-Grossman: $8,211
Single/Suite in Burton-Judson, Campus North, I-House, Max Palevsky, Snell-Hitchcock, Granville-Grossman: $9,435
Apartment in Campus North, Stony Island, Granville-Grossman: $10,134
All first years are charged the same regardless of room type. Here you can see the different room type options by resident halls for upperclassmen.

5. Dining Rates (2016-2017) Type Housing Dining Total Annual Double
$8,211
$6,009
(Unlimited or Phoenix)
$14,220
Single
$9,435
$15,444
Apartment
$10,134
$4,650
(Apartment Meal Plan)
$14,784
$16,143
There are also three different types of meal plans. Single and double residents pay $6,009 a year for meal plans (unlimited or phoenix plans both cost the same), or have the option of switching to the apartment meal plan if they live in an on-campus apartment.

6. Tips for Off Campus Budgeting
Consider your security deposit. This is usually equivalent to one month’s rent, and you get it back at the end of the lease (minus any damages).
Refund lag time – plan for housing and food bills during the beginning of autumn quarter. Reach out to resources (CCSS, Financial Aid) if you need an emergency loan to cover any gap.
Housing budget is for 9 months, but leases are often 12. How will you cover the rest?

7. Student Panel and Q&A Ariella Brotherson Anna Kim Liz Ortiz-Menchaca
Tips/Things you wish you would have known:
Anna:
Living alone works out, if you do budget
June challenges: start a lease in june and have be tight on money, or start a lease in July, and have to find a place to sublet?
Apartment search: helpful to talk to other people in the building (other than landlord) to get a sense of the building’s management. Make sure you allocate time to look at apartments. Can take more time than you expect.
Registering for electricity bill: need $150 for deposit
Furniture
Liz
Security
Maintenance, landlord – getting responses and help
Apartments passed down – things to be aware of as the recipient of a passed down apartment (inheriting an ‘as-is’ apartment, furniture, etc)
Allocate time for cooking and grocery shopping
Ariella
Finding roommates and managing bills (utilities and communal products)
Pets