Estimated cost of attendance budgets
What is an estimated cost of attendance
budget?
Each year the Office of Student Finance (OSF) establishes standard student
budgets that use cost of attendance (COA) estimates for awarding financial
aid funds. The budgets reflect typical "modest but adequate" expense patterns
of University of Minnesota students based on research conducted by OSF
staff from reliable sources.
Some students will spend more than the standard amounts, while others
will spend less, depending on individual lifestyles and circumstances.
Eligibility for financial aid, however, will be based on the standard
budget allowances, not on individual preferences and spending habits.
Figures vary according to students' residency status, college of enrollment,
and degree program. Also, OSF estimates are sometimes higher than the
COA estimates provided by the Office of Admissions, which bases COA on
current year costs. OSF figures use any projected tuition and fee increases,
as well as living expenses (room and board, transportation, and personal
expenses).
The COA budgets that follow provide 2007-2008 academic year figures
for fall and spring semesters to assist you in planning your own budget.
Note: Your May/summer term COA is determined (and May/summer financial
aid awarded) after you have registered for that term.
