Basics : Cost of Attendance
Average for 2013-14
| Undergrad On/Off Campus | Undergrad Living at Home | Grad Off-Campus | Undergrad Sum. 13 (A+B) On/Off Campus | |
|---|---|---|---|---|
| *Tuition / Fees | $6,150 | $6,150 | $12,590 | $2,460 |
| Books and Supplies | 1,080 | 1,080 | 1,080 | 430 |
| Computer/Cell Phone | 1,280 | 1,280 | 1,380 | 380 |
| Housing | 5,230 | _____ | 6,590 | 1,570 |
| Food | 4,290 | 1,090 | 4,290 | 1,510 |
| Transportation | 1,110 | 1,110 | 1,110 | 370 |
| Clothing Maintenance | 690 | 690 | 690 | 240 |
| Personal | 270 | 270 | 270 | 70 |
| Total Budget | $20,100 | $11,670 | $28,000 | $7,030 |
Average for 2012-13
| Undergrad On/Off Campus | Undergrad Living at Home | Grad Off-Campus | Undergrad Sum. 13 (A+B) On/Off Campus | |
|---|---|---|---|---|
| *Tuition / Fees | $6,170 | $6,170 | $12,590 | $2,470 |
| Books and Supplies | 1,080 | 1,080 | 1,080 | 430 |
| Computer/Cell Phone | 1,280 | 1,280 | 1,380 | 380 |
| Housing | 5,240 | _____ | 6,420 | 1,570 |
| Food | 4,130 | 1,060 | 4,130 | 1,450 |
| Transportation | 540 | 540 | 540 | 180 |
| Clothing Maintenance | 680 | 680 | 680 | 240 |
| Personal | 1,460 | 1,460 | 1,460 | 370 |
| Total Budget | $20,580 | $12,270 | $28,280 | $7,090 |
How Budgets Are Calculated
Student budgets can only include costs of attendance for the individual student. Additional living allowances for married students or students with children are not included. A standard child care allowance, however, may be included — depending on the ages of the student’s children.
Following is a brief description of how these budgets are derived. Budgets are based on a two-semester academic year and vary according to academic classification and residency status:
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Tuition/Fees
Fees for undergraduate students are based on an average of 30 credit hours of 0-4999 level courses. Graduate tuition fees are based on 24 class hours from 5000-9999. Graduate students in dentistry, medicine, veterinary medicine, and professional MBA programs pay block fees. -
Books and Supplies
Costs are determined by averaging the total cost of books and supplies for a four-year accounting curriculum at the Campus Shop and Bookstore (with 25% of books purchased used at 75% of new book price, and assuming resale of 50% of texts at 50% of cost). -
Computer Costs
Computer costs built into student budgets are “annualized.” This means the figure is derived from one year’s monthly costs for purchase or lease of equipment (including printer, modem/ethernet, CD ROM drive) and annual software purchases/upgrades. These costs are figured over a two-year period. -
Housing and Meals
Housing costs for undergraduate students living on campus are based on costs of living in an air-conditioned double room (utilities and a refrigerator rental allowance are included). On-campus graduates costs are based on an average of rents for available graduate housing. Off-campus costs are based on an average of rates quoted by local apartments by phone survey (allowances are included for phone service and utilities). Food costs are based on costs of meals established by the U.S. Department of Labor. -
Transportation
On- and off-campus transportation costs allow for three round-trips to Miami per two semesters. -
Personal
The personal budget is based on the U.S. Department of Labor’s established personal costs, including laundry, toiletries, and miscellaneous expenses. -
Clothing Maintenance
The budget for clothing maintenance is based on the U.S. Department of Labor’s established clothing maintenance costs.
