Your Cost of Attendance (COA)
The annual amount it will cost you to go to school changes from year to year. The Cost of Attendance is determined by using rules established by law. The COA includes tuition and fees; on campus room and board (or a housing and food allowance for off-campus students); and allowances for books, supplies, transportation, loan fees, and, if applicable, dependent child care. It also includes miscellaneous personal expenses. Costs related to a disability are also covered. The COA includes reasonable costs for eligible study-abroad programs as well. For students attending less than half time, the COA includes only tuition and fees and an allowance for books, supplies, transportation, and dependent-care expenses. Feel free to talk to the Office of Financial Aid if you have any unusual expenses that might affect your cost of attendance.
To calculate the amount of need-based aid for which you are eligible, and to determine you and your family's ability to pay your share of the cost of your education, Purchase College uses the Federal Methodology formula. This is a national, standardized formula used to determine what students and their families can reasonably pay toward a college education. In other words, it provides a standardized means of assessing each student and their family's ability to afford, over time, the costs of your education at Purchase College. It is not an estimate of how much cash you have on hand or a value judgment on your current financial situation.
What Does a Purchase College Education Cost?
The federal government expects the family to be the primary source of financial assistance to the student. However, when the family does not have the ability to pay, according to the federal methodology formula described above, the federal, state, institutional or other outside agency may step in to help you pay some of the cost of your education.
For the 2007-2008 academic year, the total estimated undergraduate tuition, room, board and fees are:
| Residency | Tuition | Room1 and Board2 | Mandatory Fees4 | Total Direct College Costs5 |
|---|---|---|---|---|
| NYS Residents | $4,350 | $10,000 | $1,647 | $15,997 |
| Out of State Residents | $10,610 | $10,000 | $1,647 | $22,257 |
| NYS Graduate Students | $6,900 | $10,0003 | $1,516 | $18,416 |
| Out of State Graduate Students | $10,920 | $10,0003 | $1,516 | $22,436 |
Estimated costs for books and supplies, personal and transportation expenses vary. On average, these indirect charges for undergraduate students total approximately $2,300 annually.
Questions regarding the cost of tuition, fees and room and board can be directed to the Office of Student Accounts at (914)251-6080.
A sample undergraduate financial aid package for students during the 2007-2008 academic year is:
| Cost of Attendance7 |
$18,096 |
| Expected Family Contribution | -$2,901 |
| Financial Need | $15,195 |
| Financial Aid Package (Awards)8 |
|
| Federal Pell Grant | $1,100 (undergraduates only) |
| Federal Supplemental Educational Opportunity Grant | $800 (undergraduates only) |
| NYS Tuition Assistance Program | $3,301 |
| Institutional Scholarship | $1,000 |
| Federal Subsidized Stafford Loan | $3,500 |
| Parent Loan (PLUS) | $8,395 (separate application required) |
| Total Financial Aid | $18,096 |
View Current Academic Year's Tuition and Costs Here
Footnotes
1 Based on a typical double room in the residence halls.
2 Based on 265 meals per semester.
3 Room and board for Graduate students is based on off-campus housing and meals prepared off campus.
4 Student Activity, Athletic, Health Service, Health Insurance, Orientation, Technology, and College Fees. Selected music students must pay an additional $2,312 for private lessons.
5 Costs for the 2007-2008 academic year are subject to change.
6 Laundry, recreation, toiletries, etc.
7 The Cost of Attendance is based on 2007-2008 estimated costs for full-time New York State residents. It includes undergraduate tuition, fees, room & board (student living on-campus in a residence hall double room), books, supplies, personal and transportation costs and is subject to change.
8 The financial aid estimates that are provided are based on the projected 2007 funding levels. Financial Aid awards vary according to the student and family contribution and the amount of federal and state funding.