Indirect costs may include the following components of the cost of attendance: Some classes may have an extra lab fee to cover the cost of supplies, equipment and other materials. The cost of books and supplies can also vary widely depending on the student’s major. This is almost always going to be a low estimate because lots of students buy or rent their books from online retailers or buy them from each other secondhand. The allowance for textbooks is often based on an average based on books sold by the college bookstore. If you’re pinching pennies, consider a more modest room and meal plan. Meal plans may vary according to the number of meals and whether the residence includes its own dining hall. On-campus housing may include dorm rooms (single, double, triple and quad-occupancy), fraternities and sororities, and private apartments. Room and board is the amount charged for housing and meals. The fees can cover on-campus computer labs, printing costs, student health services, student activities and residence hall activities, among other fees. College fees may be bundled into a comprehensive fee, or may be broken into several lines of the student budget. Tuition is the cost of teaching and instruction to the student. The definition of what is included in the direct costs can also vary from college to college.ĭirect costs may include the following components:
#529 ELIGIBLE EXPENSES FEES FULL#
Some colleges will list only the direct costs on their financial aid award letters, instead of the full sticker price. Indirect costs are paid to a third party. Direct costs are costs that are paid directly to the college, such as tuition and fees. Some colleges like to distinguish between direct and indirect costs. Most colleges split cost of attendance equally for fall and spring terms, but charge per credit or a different full-time tuition rate during the summer session. Summer enrollment is not included in the cost of attendance. Others offer a flat rate for full-time enrollment. Some colleges prorate the cost of attendance according to the student’s enrollment status, charging by the credit. Part-time enrollment is anything below 12 credits. Full-time enrollment typically involves 12 credits or more, with 15 credits required for the student to graduate in four years. The cost of attendance may vary based on the student’s enrollment status. Students who live on campus may be called “residents” while students who live off-campus may be called “commuter students.”Įach student budget may have different room, board and transportation costs. On-campus housing includes dormitories and other residences. Students who live off campus with their parents.Students who live off campus in an apartment.Students who live on campus in college owned or operated housing.The student budgets differ depending on where the student lives while enrolled. To add to the mix, a college’s cost of attendance (COA) may involve as many as four different student budgets. The cost of attendance can vary depending on where the student lives while enrolled and the student’s enrollment status. The cost of attendance may also include dependent care costs and special needs expenses. Depending on the program, some fees will be paid directly to the host institution or program provider and not billed through KU, so you will have to check with your specific 529 plan to see what the procedure will be to pay for those fees.A college’s annual cost of attendance, also known as the sticker price, includes tuition and fees, room and board, books, supplies and equipment, transportation and miscellaneous personal expenses. Using 529 plans to pay for study abroad expenses follow the same process as paying for on-campus courses. KU study abroad program budgets will detail which payments, if any, are made through KU Enroll & Pay. health insurance, basic living expenses, and any costs associated with an international cell phone.
Study abroad expenses that are not able to be covered with 529 plans include transportation, international health insurance, medical costs not covered by U.S. Study abroad expenses such as tuition and fees, program fees, room and board, and required textbooks are eligible to be funded with a 529 plan, just like they are in the United States. Many students who use 529 plans (college savings accounts) to fund their education at KU can also use their 529 plan for study abroad. Religious, Spiritual, and Non-Religious Students Using Financial Aid and Other Funding SourcesĪdult Learners and Non-Traditional Students
Other Study Abroad Scholarship and Funding Opportunities
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