Financial Aid

Cost of Attendance

Each year CUNY develops student expense budgets that are used when determining students’ financial need. Student expense budgets include actual tuition and fee costs as well as allowances for the cost of books and supplies, transportation, food, housing and personal expenses. These student expense budgets are developed using information from the U. S. Bureau of Labor Statistics for living costs in New York City.

These expense budgets represent the maximum amount of Financial Aid that students may receive from all sources, including student loans.

There are two student expense budget categories:

Living With Parent budget
Living Away From Parent budget

The nine-month (Fall and Spring semesters) student expense budgets that are used to determine financial need for the 2008-09 academic year are:

All Expenses	Living With Parent	Living Away From Parent
Books & Supplies:	$1,016	$1,016
Transportation:	$850	$850
Housing:	$1,500	$7,425
Food:	$0	$2,776
Personal Expenses:	$2,706	$3,676
Total:	$6,072 +Tuition & Fees	$15,743 +Tuition & Fees

The Housing component of the Living Away From Parent budget is derived using average housing charges for a rental apartment in metropolitan New York, using the assumption that the student is sharing the housing costs with a roommate.
The Personal Expenses component includes an allowance for medical expenses and/or health insurance.
Independent students who incur expenses for dependent care (either child care or elder care) may have their expense budget adjusted.

The nine-month (Fall and Spring semesters) student expense budgets that are used to determine financial need for the 2007-08 academic year are:

All Expenses	Living With Parent	Living Away From Parent
Books & Supplies:	$938	$938
Transportation:	$816	$816
Housing:	$1,500	$5311
Food:	$1,020	$2647
Personal Expenses:	$1,686	$3,594
Total:	$5,960 +Tuition & Fees	$13,306 +Tuition & Fees

The Housing component of the Living Away From Parent budget is derived using average housing charges for a rental apartment in metropolitan New York, using the assumption that the student is sharing the housing costs with a roommate.
The Personal Expenses component includes an allowance for medical expenses and/or health insurance.
Independent students who incur expenses for dependent care (either child care or elder care) may have their expense budget adjusted.

Sample Undergraduate Student Expense Budgets:

Full Time, NY State Resident, Living with Parent	Full-Time, Out of state Students, Living with Parent
Tuition: $4,000	Tuition: $360/per cr.
Fees: $320	Fees: $320
Other Expenses: $5960	Other Expenses: $5,960
Total: $10,280	Total: $17,080

Full Time, NY State Resident, Living Away From Parent	Full-Time, Out of state Students, Living Away From Parent
Tuition: $4,000	Tuition: $360/per cr.
Fees: $320	Fees: $320
Other Expenses: $13,036	Other Expenses:$13,036
Total: $17,356	Total: $24,156

Sample Graduate Student Expense Budgets:( Students enrolled in programs that charge a higher rate of tuition or who pay additional program fees will have their budget adjusted accordingly.)

Full-Time, NY State Resident, Living with Parent	Full-Time, Out of state Resident Living with Parent
Tuition: $6,400	Tuition: $500/per cr.
Fees: $320	Fees: $320
Other Expenses: $5,960	Other Expenses: $5,960
Total: $12,680	Total: $21,147

Full Time, NY State Resident, Living Away From Parent	Full-Time, Out of State Students, Living Away From Parent
Tuition: $6,400	Tuition: $500/per cr.
Fees: $320	Fees: $320
Other Expenses: $12,439	Other Expenses: $12,439
Total: $19,159	Total: $27,759