Estimating Your Bill
Cost of Attendance
The Cost of Attendance, also known as your “budget”, is the total expenses a student would typically incur in a given academic year at Providence College . This figure is comprised of both direct expenses which will appear on your student billing statement (i.e. tuition, fees, room and board) and indirect expenses that will not appear on your student billing statement (i.e. allowance for books, personal expenses). The amounts we use to determine indirect expenses are estimates and are based on the amounts students typically spend/incur in a given academic year.
Prospective students, who have been admitted to the College, can find the Cost of Attendance at the bottom of their award letter. Current students can find the Cost of Attendance in the Financial Aid Section of CyberFriar under Award Overview.
The chart below represents sample Cost of Attendance figures for 2013-2014 for several student populations:
|
Undergraduate Resident (FT) |
Undergraduate Commuter (FT) |
School of Continuing Education (FT) |
Graduate Studies (FT) |
DIRECT
CHARGES |
All Class Years |
All Class Years |
All Class Years |
All Class Years MBA |
All Class Years Other |
Tuition |
42,385 |
42,385 |
7,512 |
10,800 |
7,020 |
Room* |
|
N/A |
N/A |
N/A |
Meal* |
N/A |
N/A |
N/A |
Other* |
N/A |
N/A |
N/A |
INDIRECT EXPENSES |
|
|
|
|
|
Misc./Fees |
1765 |
1765 |
140 |
210 |
210 |
Transportation/
Commuter Cost |
0 |
4990 |
N/A |
N/A |
N/A |
Books |
900 |
900 |
880 |
900 |
900 |
Living Expenses |
0 |
0 |
10,500 |
10,500 |
10,500 |
Providence's Financial Aid Calculator
Providence College's Financial Aid Calculator is designed to assist prospective undergraduate students and their parents in estimating a family contribution and need-based award if the student were to attend Providence College. The calculator is intended for U.S. citizens and permanent residents only. The calculator is not intended to be used by returning students or graduate students to determine their eligibility for need-based aid. If returning or graduate students have questions regarding their aid awards they should contact the Office of Financial Aid directly using the information in the left hand side navigation.
Click here to start the calculator.
Direct Expenses
We have prepared the Budget Worksheet to assist you in determining the amount you will be expected to pay toward your direct costs after your financial aid has been credited to your billing statement. Prospective students, who have been admitted to the College, will need their paper Financial Aid Notice to complete this worksheet and returning students can visit Award Overview in the Financial Aid Section within CyberFriar to obtain the necessary information to complete the worksheet.
Once you have completed the Budget Worksheet and have estimated your remaining balance, there are several avenues available to help cover the remaining costs.
In the Basic Options section of the Alternative Financing Options page, you will find a general overview of the most common financing options to help guide you toward a decision that will best suit your needs (i.e. payment plans, parent loans and alternative loans). Ultimately which financing option, or combination of, you choose is up to you and your family since the appeal and benefit of these alternatives will be influenced by your individual family financial circumstances, comfort levels and need. Families should secure financing for the year and not on a semester basis. Also, whatever option you choose this year can be changed in future years.
When deciding how much to finance, you are able to borrow up to your “budget” minus any other financial aid or resources you are receiving. For example:
Max Financing Example |
57,800 (total budget)
-29,900 (total financial assistance)
27,900 (maximum financing amount) |
This affords you the opportunity to borrow a little more than your direct charges in order to help defray other costs you may incur throughout the academic year (i.e. books, personal expense). If you have a credit on your student billing account after all your direct charges and financial aid resources have been applied, the Bursar’s Office will issue you a refund check after the add/drop period. Students may also use a portion of their credit towards a book advance or click here to navigate directly to the Book Advance Form.
As a reminder, the Bursar’s Office requires payment of all direct expenses on or before August 15th for the fall semester and December 15th for the spring semester.