FINANCIAL AID POLICIES HANDBOOK 2013-2014
Calculation of Financial Aid Eligibility:
Cost of Attendance
The following are the costs of attendance that we use to calculate final financial aid awards for students attending Colorado College during the academic year 2013-2014. The college expects all students to be enrolled full-time.
|Fixed Direct Charges||Academic Year 2012-13|
|Tuition & Fees||
|Books and Supplies Allowance||$1,244|
|Personal Expenses/ Transportation Allowance||$1,622 ($1,022 for Colorado residents)|
|Total Estimated Costs||$57,400 ($56,800 for Colorado residents)|
The room allowance reflects the charges for a standard double room in a residence hall. For students living at home in the Colorado Springs area, we use a living expense allowance of approximately $3,904 in place of the regular cost of attendance amounts for room and board, personal expenses, and transportation. Students may receive an adjustment for book costs that exceed the book allowance based on sufficient documentation to the financial aid office.
Colorado College requires that all students either participate in the college’s health insurance plan or have comparable medical insurance. It is our expectation that students who are already covered by their family’s insurance will continue to be covered by it. The entire insurance cost for the academic year will be billed to the first semester charges for students who wish to subscribe to the college’s health insurance plan instead. The cost of the plan for 2012–2013 is $2347 for full-year coverage.
Upon individual request the financial aid office can add computer costs to the cost of attendance. It is not the college’s policy to use institutional resources to fund this computer allowance, but students may use federal aid eligibility and outside scholarships to meet the computer allowance costs. We generally limit the computer cost adjustment to a one-time allowance of up to $2,500. The allowance is not granted in the student’s final semester. We increase the cost of attendance up to $2,500 with appropriate documentation that the student or family has expended or will expend funds for purchase or rental of the computer equipment. Final documentation of the purchase or rental is required in all cases. We consider the computer cost of attendance adjustment for costs incurred within six months of the request for the allowance. Computer equipment is defined broadly to include desktop or laptop systems, monitors, printers, cables, peripheral devices, and some software.
For students who are not required to provide parental information per federal regulations, the cost of attendance we use may reflect adjustments to the standard allowances to accommodate these circumstances.