Page 21 - HIWT Spring 2016 World of Welding

What Will My Education Cost = Cost of Attendance Budget (COA)

Before applying for financial aid, students and parents should financial need for direct and indirect education costs a school will
consider all of the costs associated with attending the institution. provide a Cost of Attendance Budget (COA). The COA will provide
The Financial Aid Office establishes standard budgets, which reflect an estimated cost of living by providing a reasonable budget for a
average costs for students during a typical period of enrollment. student to live and attend school. The elements associated to the
Actual expenses vary among students depending on life styles, COA are the following:
priorities and obligations. To assist applicants in determining their

• Tuition, Books, Registration Fee and Supplies
• Direct Loan Fees (This can vary based on the amount and type of Direct Loan)

• Home Maintenance or Room and Board (living at home or relocating to the area,
electric, water, gas, cable, internet and food)
• Personal (hygiene and basic needs)

• Transportation (gas, oil changes and general maintenance)

Schools create a COA budget for guidance but by no means does Investing in your future may be necessary to achieve your desired
it imply that a student has to finance the maximum allowed to be career. However, you don’t want to financially overextend yourself
successful in their pursuit of education. The COA budget is a tool to the point that you struggle to stay afloat.
to help students understand what costs are associated with their
education plan.

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