Cost of Attendance
Cost of Attendance (COA):
The total amount it will cost a student to go to school – usually expressed as a yearly figure. It is determined using rules established by the U.S. Congress. 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 care, costs related to a disability, and miscellaneous expenses, including an allowance for the rental or purchase of a personal computer.
Also included are reasonable costs for eligible study-abroad programs. An allowance (determined by the school) is included for reasonable costs connected with a student’s employment as part of a cooperative education program. For students attending less than half time (less than six credit hours), the COA includes only tuition and fees and an allowance for books, supplies, transportation, and dependent-care expenses. Contact our office if you have any unusual expenses that might affect your cost of attendance.
The COA has two basic types of components. The first are direct costs where all students pay fixed predetermined amounts such as tuition and fees and room and board for those students residing on campus. The others are indirect costs including books and supplies, personal expenses, transportation and living costs for those not living on campus.
2021-2022 NY Resident: Full-time Undergraduate
2021-2022 Out-of-State Student: Full-time Undergraduate
2021-2022 NY Resident: Full-time Graduate
2021-2022 Out-of-State Student: Full-time Graduate
Over-awarded Financial Aid
Purchase College’s policy towards helping to reduce federal or non-federal student/parent loan debt includes trying to reduce student’s (or parent’s) indebtedness when a student becomes over-awarded after loan disbursements have been made. This is based on guidance from the Federal Student Aid Handbook (2015-16):
Although a school isn’t required to return Direct Loan, or nonfederal education loan funds that were disbursed to the borrower (either directly or by applying them to the student account) before the over-award situation occurred, the law doesn’t prevent your school from returning funds that were applied to the student account if you choose to do so.
All Federal Direct Loan funding requests, reductions, or cancellations must be completed (with all required steps) prior to the last day of the academic year; or if the student leaves the school before the last day of the academic year, then prior to the last date of the student’s attendance. Purchase College must be given adequate time to process any late loan funding requests.
It is our school’s policy that we do not process any federal loan funding: requests, adjustments, or cancellations after:
- The last day of the academic year in which the loan funding is for
- The last day of a student’s attendance within the academic year if it is before the scheduled end date of the academic year