Wondering what exactly Cost of Attendance means? We explain everything you need to know about the Cost of Attendance at a college and all the expenses that it includes, both direct and indirect. Learn more in MEFA’s article, What is Cost of Attendance?
Please note that this transcript was auto-generated. We apologize for any minor errors in spelling or grammar.
Jonathan here from Mefa, and today we’re going to be talking about cost of attendance. Cost of attendance is the total cost to attend one year at a particular college before financial aid and scholarships are applied. Sounds simple enough, right? Well, hold on a minute. You see cost of attendance has two.
The simple part is the amount that’s listed on the college bill, like tuition fees, and health insurance, which are called direct or build expenses. Makes sense as these are billed to you. The complicated part is that there are expenses that don’t show up on a bill at all, but you’ll still have to pay.
Things like books, transportation to and from college, and living expenses throughout the year. All of these expenses together fall under the term cost of attendance. Each college will have a different cost of attendance based on that, specific school’s, various costs. So one more time, cost of attendance is the estimated overall amount that a student pays to attend one year of college before.
Financial aid is applied now. If you have any questions, you can call us at eight hundred four four nine mifa or email us at college [email protected].
