General Information

Estimated Costs  The average costs for self-supporting graduate students at the University for academic year 1997-98 are estimated to be: Living Expenses (room, board, transportation, personal) - $10,000; Books and Supplies - $700; Tuition and Fees assessed by school (see Chapter 2).

How Need is Determined  Each graduate applicant for Ford Federal Direct Loan or Federal Work-Study funds is required to submit to the Federal Student Aid Programs Office a detailed financial statement. Because financial aid funds are limited, all assistance offered through the Office of Financial Aid is based on an estimate of financial need. Need is determined by comparing the student budget with student resources from savings, summer earnings, session earnings, or any combination thereof. If the resources are less than the sum needed to meet academic year expenses, the difference becomes the student's financial need. Need will be met to the extent of available funds.

Student budgets listed in this chapter are based on approved allowances for tuition and fees, books and living expenses for the academic year, with allowances for such factors as child care and medical expenses.

Money available to applicants from other sources, such as veteran's benefits, gifts, scholarships, grants, assistantships, graderships or fellowships through outside organizations, or through the academic department in which the student is enrolled is considered a resource when the applicant's financial need is determined. If any such resources become available after an award offer has been made or received, it is the responsibility of the applicant to notify the Office of Financial Aid. Receiving such assistance may necessitate a reduction in the financial assistance awarded the applicant by the University so that no applicant will receive funds in excess of the demonstrated financial need.

Continue to: General Eligibility Requirements for Federal Programs
Return to: Chapter 3 Index