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ALICE LLOYD COLLEGE

STUDENT BUDGETS FOR AWARDING FINANCIAL AID FOR 2003-2004

 

Yearly Alice Lloyd College determines the total cost for each student. Student budgets depend upon the living arrangements of the student and whether the student is dependent upon his/her parents or guardians for support.

 

Dependency status is based on the answers students gave when completing the FREE APPLICATION FOR FINANCIAL AID (FAFSA). Students should contact the Financial Aid Director regarding any unusual circumstances. In most cases all students under the age of 24 are considered dependent students and must report their parent’s income for calculation of
financial need.

 

Budgets for the 2003-2004 academic year are below. Each student’s financial aid is awarded to help cover these typical costs. If the student has significant outside costs other than the ones listed, he or she should contact the Financial Aid Director.

 

Indirect costs are approximate figures that do vary for each student according to his or her lifestyle and personal needs. These expenses are not part of the bill that the student owes the College, but books can be purchased at the ALC Bookstore. Direct costs are those paid by all students to the College.

 

STUDENTS MUST APPLY FOR FINANCIAL AID EACH ACADEMIC YEAR THROUGH FILING THE FREE APPLICATION FOR FEDERAL AID (FAFSA) PRIOR TO FEBRUARY 15TH.  Students with Pell eligibility will have tuition, room and board met by a combination of grants and the students work program.

 

STUDENT BUDGETS

 

Cost of Education (guaranteed from Grants, Scholarships, and Work-Study for students eligible for the Opportunity Grant) $6360.

 

Direct Cost per year

College Resident

College Commuter

Room

$1570

$0

Board

1860

0

*Matriculation Fee

990

1190

**Parking Fee

(60)

(60)

TOTAL

$4420

$1190

Indirect Costs per year

 

 

***Room and Board

 

$2500

Books and Supplies

850

850

Personal Expenses / Transportation

2700

3100

Medical and Insurance

 

1000

Child Care (if applicable)

 

(1000)

TOTAL

$3550

$7450

*Non-refundable Fee

**Parking Fees of $30 per semester are assessed if a student plans to have a car on campus.

There is no financial aid available for this fee.

***We estimate commuter room and board expenses to be approximately $2500 per year. There will be an addition late charge of $25 for housing deposits received after July 1.