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Heritage College of Osteopathic Medicine |
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Estimated Cost of Attendance Budgets for Financial
Aid Purposes |
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| To
determine a student's eligibility for federal and
other need-based financial aid, OU-HCOM is required
to establish an average cost of attendance budget.
This “educational budget” is based on the full
academic year and is intended as an estimate of the
“average” student’s expenses. |
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| This
budget is based on the student's year in school and
residency (in-state or out-of-state). The cost of
attendance budget is calculated so that, if funding
permits, financial aid can be used to meet these
expenses. An important note: Federal guidelines
require that a student’s financial aid award does
not exceed the estimated costs documented in the
published budget. |
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are two types of costs included in the totals shown
in the educational budget, Direct Costs and
Indirect
Costs: |
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Direct costs
are charges for which the student will be billed
directly by Ohio University including tuition
and fees. Tuition and fees are set by the Ohio
Board of Regents. These costs are not
established until after July 1 for the upcoming
academic year. Direct costs reflect the actual
charges applied to all students’ accounts.
Indirect costs are estimated educational
expenses the student may incur such as books and
supplies, personal expenses, an allowance for
transportation, rent, utilities and other
miscellaneous expenses. While the actual costs
may vary from student to student, these estimates
are established by researching the average
costs for these items. Car payments, credit card
debt and other personal debt are not included in
the student’s educational budget.
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You can view the
educational budget
for the
12-13 academic year.
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| We
have created the following sheets for you to print
the budget for your class year and use it as a
worksheet to manage your personal finances: |
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| current
Year
1 |
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| current
Year
2 |
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| current
Year
3 |
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| current
Year
4 |
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Budget
increases
are allowable under certain circumstances prescribed
by federal regulation. |
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