Thread: Cost of Education?

I couldn't find this information on their website:

What does AUC estimate the COA to be after tuition? That is, how much in loans can I get to cover living expenses?

Originally Posted by bogey

I couldn't find this information on their website:

What does AUC estimate the COA to be after tuition? That is, how much in loans can I get to cover living expenses?

Yes, You can obtain a loan to cover your living expenses.

Financial Aid can send you a chart with estimated living expenses.

Expect to pay ~$5,500 per semester on housing & Utilities.

Food cost here is fairly high. ~$1,500 per semester

Travel: Include airplane tickets, gas, car rentals ~+$1,000 per semester
or buying a motor vehicle ~+$2,000

And Leisure activities: ~$1,000

Originally Posted by wao99

Yes, You can obtain a loan to cover your living expenses.

Financial Aid can send you a chart with estimated living expenses.

Expect to pay ~$5,500 per semester on housing & Utilities.

Food cost here is fairly high. ~$1,500 per semester

Travel: Include airplane tickets, gas, car rentals ~+$1,000 per semester
or buying a motor vehicle ~+$2,000

And Leisure activities: ~$1,000

Thank you.

I guess I'll contact the financial aid people for the official estimate.

I'm used to seeing a total amount that the school officially estimates the total cost of education to be. I thought that the lenders used this as a guide for how much you can borrow.

they should send that info out to you after you are accepted.

If you are approved for Federal Financial Aid (Stafford + Grad Plus etc...), you will have more than enough money to live on (rent, food, travel, etc..).

As Kemper said, you will receive all this information once you are accepted.

Federal financial aid is not enough to cover even tuition! You'll need private loans for most of it.

Good to know that you can borrow enough. I can wait for the info from the school for details. I was just trying to put together a game-plan regarding finances.

I appreciate all the replies.

Game plan = loans, loans, and more loans.

And yeah, federal loans don't cover very much, private loans will have to pick up the slack.

Technically, Federal Grad Plus loans are considered Federal Aid. Between Grad Plus and Stafford, you will have enough to cover all expenses and tuition (with enough left over to pay back or save for clinicals).

Student Aid on the Web

OK, yeah, you're right. I guess I was just thinking Stafford. I looked at that and the $20,500 yearly max (No more than $8,500 of this amount may be in subsidized loans.) and compared that to the costs. That's good that Plus loans will cover the rest.