University of Southern Indiana
 
Student Financial Assistance
2014-2015 ESTIMATED Cost of Attendance (Financial Assistance Budget)


The Office of Student Financial Assistance establishes the cost of attendance (COA), which is also known as the financial assistance budget, for the purpose of determining financial assistance eligibility. The cost of attendance includes allowances for tuition and fees, housing and food, books and supplies, and other miscellaneous expenses. The allowances are determined with consideration for direct costs (costs billed to the student; e.g. tuition, fees, housing, meal plan) and indirect costs (costs not billed to the student; e.g. books, supplies, miscellaneous expenses).


Tuition and Fees


Tuition and fees are direct costs and are billed to the student each semester. The tuition and fee amounts used in the cost of attendance are based on an average enrollment of 30 semester hours per academic year.

When planning for your actual costs, it is important to remember that the University will bill you for tuition and fees for the number of credit hours you register for. The 2014-2015 credit hour rates are as follows: Indiana resident undergraduate $221.22 and graduate $324.84; non-resident undergraduate $532.56 and graduate $640.46.


Housing and Food/Room and Board


Room and board may be either direct costs or indirect costs depending on whether or not you live on campus. If you are living on-campus the housing and food allowances are based on a double-room, 4- person unit in University Housing with the Blue Eagle Meal Plan. If you are living off-campus, either with parents or in your own home/apartment, your housing allowance is based on regional averages and your food allowance is based on the Blue Eagle Meal Plan.

If you contract for University housing and/or a meal plan, you will be billed for the semester rental (and meal plan if applicable) in addition to tuition/fees.


Books and Supplies


Books and supplies are indirect costs. The books and supplies allowances are based on full-time enrollment and average book costs. Your books and supply expenses may vary based on the courses that you are taking.


Miscellaneous/Personal Expenses and Transportation


Other expenses include allowances for miscellaneous/personal and transportation expenses. These expenses are indirect costs that you will not be billed for but are paid by you as they occur. Indirect costs may vary greatly, but are based on what are considered reasonable, but modest, costs (gas, clothing, toiletries, etc.) estimated for financial aid purposes to determine your cost of attendance/financial assistance budget. Loan fees are included in miscellaneous/personal expenses, if applicable.


Below are the ESTIMATED Financial Aid Budgets/COA for undergraduates attending USI full-time for the academic year and enrolling in a total of 30 hours for fall and spring combined (not including summer costs).


2014-2015 Undergraduate Student

Enrolled in 30 credit hours

Living on Campus

 

Resident

Non-Resident

Tuition/Fees

$6957

$16297

Housing

$4140

$4140

Food

$3788

$3788

Estimated Total Direct Costs

$14,885

$24,225

Books/Supplies

$1140

$1140

Misc./Personal

(Not Billed by USI)

$1512

$1512

Transportation

(Not Billed by USI)

$675

$675

Total Budget/COA

$18,212

$27,552


2014-2015 Undergraduate Student

Enrolled in 30 credit hours

Living With Parents

 

Resident

Non-Resident

Tuition/Fees

$6957

$16297

Estimated Total Direct Costs

$6957

$16297

Housing

$1350

$1350

Food

$3788

$3788

Books/Supplies

$1140

$1140

Misc./Personal

(Not Billed by USI)

$1512

$1512

Transportation

(Not Billed by USI)

$1231

$1231

Total Budget/COA

$15,978

$25,318


2014-2015 Undergraduate Student

Enrolled in 30 credit hours

Living In Own Home/Apartment

 

Resident

Non-Resident

Tuition/Fees

$6957

$16297

Estimated Total Direct Costs

$6957

$16297

Housing

$5880

$5880

Food

$3788

$3788

Books/Supplies

$1140

$1140

Misc./Personal

(Not Billed by USI)

$1512

$1512

Transportation

(Not Billed by USI)

$1231

$1231

Total Budget/COA

$20,508

$29,848


Note: Your fall/spring costs may be more or less than this estimate.






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