Financial Aid: Cost of Attendance
Overview
The Full Cost of Attendance (COA) is displayed, when configured, on the Financial Aid component. When using a desktop computer, the COA is displayed in an expandable widget for each Academic Year on the right-hand side of the page. When using a mobile device, the COA is displayed below the Academic Year selection.
- 1 Overview
- 1.1 Costs Outline
- 1.2 Housing Status
- 1.3 Functional Details
Costs Outline
Costs will be displayed using the following template. Note: Cost Adjustments also display, as they do in Regent Award, at the Cost Item level.
Label Names as Displayed | Amount | Source of Data |
|---|---|---|
TOTAL COSTS | Total Costs are all COA items (including cost adjustments) configured as either Direct or Indirect Costs for the AY. | |
Estimated Direct Costs | $#,###.## | For Direct Indirect Costs, the values here reflect the itemized direct costs, including manual cost adjustments, for the Academic Year dates chosen. If the AY/BBAY contains 2 or 3 terms, the itemized direct and indirect costs for those terms in Regent Award are reflected here. |
Itemized Costs Items display here by name | The itemized items under Direct costs are Cost Items, as shown in Regent Award | |
Estimated Indirect Costs | $#,###.## | For Indirect Costs, the values here reflect the itemized indirect costs, including manual cost adjustments, for the Academic Year dates chosen. If the AY/BBAY contains 2 or 3 terms, the itemized direct and indirect costs for those terms in Regent Award are reflected here. |
Itemized Costs Items display here by name | The itemized items under Indirect costs are Cost Items, as shown in Regent Award | |
Total Est. Cost of Attendance: | $#,###.## | The total Cost of Attendance are all COA items (including cost adjustments) configured as either Direct or Indirect Costs for the AY. |
REMAINING DIRECT COSTS | Total Remaining Direct Costs are the total Direct Costs minus the net amounts of Resources and Accepted Awards for the Academic Year being displayed. The Net amounts are displayed here to help the student understand how much more funding they need to cover their tuition and fees. | |
Total Accepted Funds Net: | $#,###.## | The total net amount of the accepted awards for the specific AY, which will be subtracted from the Remaining Direct Costs below. Only disbursements of FAY based awards that fall in the PPs covered by the AY are subtracted. |
Total Accepted Funds Gross: | $#,###.## | The total gross amount of the accepted awards for the specific AY. Only disbursements of FAY based awards that fall in the PPs covered by the AY included. |
Itemized Accepted Funds display here with Net and Gross amounts | The list of funds displays in the same order that funds are displayed on the Financial Aid component. See Financial Aid: General Functionality | |
Resources | $#,###.## | Any Resources the student has for the Academic Year are itemized here. |
Remaining Estimated Direct Costs | ||
Estimated Direct Costs: | $#,###.## | |
Less Net Accepted Funds: | $#,###.## | |
Less Resources: | $#,###.## | |
$#,###.## | Estimated Direct Costs minus Net Accepted Funds minus Resources | |
Remaining Total Estimated Costs | The total of all costs (Direct and Indirect) minus the GROSS amounts of resources and accepted awards for the AY. The gross amounts are shown here in order to calculate the remaining financial aid eligibility. | |
Estimated Total Costs: | $#,###.## | |
Less Gross Accepted Funds: | $#,###.## | |
Less Resources: | $#,###.## | |
$#,###.## | Estimated Total Costs minus Gross Accepted Funds minus Resources | |
Net Cost | Net Costs are the amount of Direct and Indirect costs remaining after all Gift Aid (scholarships and grants) is subtracted. "Net Cost" or "Net Price" is an amount that ED and Congress have been putting forward as a means for students to compare costs across institutions. | |
Estimated Total Costs: | $#,###.## | Total Costs are all COA items (including cost adjustments) configured as either Direct or Indirect Costs for the AY. |
Less Gift Aid: | $#,###.## | Funds from Regent Award Fund Setup display in this category when the Fund Type is "Grant," "Waiver," or "Scholarship" that have been awarded to the student for the AY being displayed. |
$#,###.## |
Housing Status
Cost Items are assessed if the configured Housing Status(s) and all other configured criteria are met. The Housing Status is determined first by the value provided on the housingStatus UDF (User Defined Field), then by the Independent or Dependent Assumed Housing Status configured on Institution Setup.
Schools that collect the student’s housing status may opt to send the housing status UDF on the SBL or add the housing status UDF manually in the Regent user interface.
Note: The 2023-2024 and prior will continue to use the housing status provided on the ISIR.
Functional Details
Unlike the Direct Cost Summary that displays directly on the expanded award tile, the "Costs" are not dynamically updated as the student selects various Accepted Amounts on the award tile, but instead will update once the Award acceptance is complete and saved.
Each time the student Accepts an award or increases the amount of a previously Accepted Award:
The Total Remaining Direct Costs decrease by the NET amount of the new award/increase.
The Total Accepted Funds update.
The NET increase to the Accepted Fund amount is reflected in a corresponding decrease to the Remaining Direct Costs amount.
The GROSS increase to the Accepted Fund amount is reflected in a corresponding decrease to the Remaining Total Costs amount.
Each time the student decreases or declines a previously Accepted Award,
The Total Remaining Direct Costs will increase by the NET amount of the decrease/cancellation.
The Total Accepted Funds will update.
The NET decrease to the Accepted Fund amount is reflected in a corresponding increase to the Remaining Direct Costs amount.
The GROSS decrease to the Accepted Fund amount is reflected in a corresponding increase to the Remaining Total Costs amount.
Negative numbers are displayed with parenthesis around the number.