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Using Professional Judgment for Cost of Attendance (COA) PowerPoint Presentation
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Using Professional Judgment for Cost of Attendance (COA)

Using Professional Judgment for Cost of Attendance (COA)

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Using Professional Judgment for Cost of Attendance (COA)

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  1. Using Professional Judgment for Cost of Attendance (COA) Lamar D. Richardson Duke University Fuqua School of Business NCASFAA 2007 FALL CONFERENCE

  2. Agenda • COA Development: • Federal Guidelines • Institutional Guidelines • COA – Allowable Items • A PJ Party • PJ Issues and Concerns • How to say “No” without saying “No” • Options

  3. COA Development • Number of months (nine to thirteen months) • Cost of living surveys • Student involvement, Financial Aid Committees • Special circumstances based on your school

  4. COA Development Federal Guidelines: • SFA Handbook, Volume 3, Chapter 2 • Cost of Education • Established each year by each school’s financial aid office. • Costs directly related to a student’s education that may be met through financial aid. • Components (allowable costs) of a COA are very similar at each school, the amounts will vary significantly from institution to institution.

  5. COA Development: Institutional Guidelines: • Policies such as using University Cost of Living • Fee Structures • Graduation requirements that help dictate what can be included in COA

  6. COA Development • Allowable items • Tuition and Fees • Books, supplies, transportation, personal, and miscellaneous • Room and board or rent and utilities • Dependent care • Study abroad expenses • Disability expenses • Employment expenses for coop study • Loan fees

  7. PJ Party • Alone = • With Staff =

  8. PJ Issues and Concerns • Medical/Dental Issues • Transportation Issues • Childcare • Lifestyle choices • Preparatory Courses • Licensing Exams (USMLE, Bar, etc.) • Remediation • Study Abroad

  9. How to say “No” without saying “No” Decline in a Professional Manner: • Explain regulations • Explain fairness and equity for all • Discuss student’s other options • Appeal process, FA Committee • Offer tissue and candy • Other?

  10. Options