Determining Indirect Budget for Cost of Attendance

Process:

1. Bursars Office provides tuition and fee rates for upcoming school year for all programs.
2. Indirect expenses are factored:
   1. Rent: average determined by local market trends using a basic 1-2 bedroom apartment.
   2. Dorm: current dorm rate used as set by President plus room deposit.
      
      ** Students who have families, but for transportation reasons opt to live in the dormitory, their COA budget will reflect only expenses for off campus housing expenses.
   3. Food: average amount used $74.00 per week.
   4. Transportation: factored at an average of 20 miles per week x 4 class days per week average at the IRS standard rate.
   5. Child/Dependent Care: factored at an average area rate for one child for a 30 week period.
   6. Computer: average purchase price for a lower-end computer and basic printer. 
   7. Misc Expenses: includes personal items, living expenses, school expenses (not already considered), and misc. expenses.

Allowable Indirect expenses are factored for both the standard 9 month school period and a 12 month period for second year students who take required general education classes during the summer.

Approved:______________________________________________________________________
Monika Bissell, DBA
President