Under this provision, the costs must be incurred during (not after) a period of enrollment, even if the exam is after the end of the period.
#Daily expenses meaning license#
Examples of allowable costs include fees charged to take a licensing exam, costs of applying for and obtaining the license or certification, and, at the discretion of the school, costs incurred in traveling to a residency interview for a medical student.
This allowance may only be provided one time per student per eligible academic program.
#Daily expenses meaning professional#
If a cost is not listed below, it may not be included as part of the COA.Ī student’s COA is the sum of the following:Īn allowance for the one-time direct costs of obtaining a first professional license or certificate for students who are enrolled in a program that requires such professional licensure or certification. These costs, as described below, are the only costs that may be included in a student’s COA.
We’ll discuss this at the end of this chapter.As explained above, the types of costs included in the COA are determined by law in accordance with section 472 of the HEA. For Pell Grants and Iraq & Afghanistan Service Grants, the COA is always the full-year costs for a full-time student, so you may have to prorate actual or average costs up for students who are attending less than an academic year (or who are parttime in a term program) or prorate down for students who are attending for periods longer than an academic year. For the Campus-Based, TEACH Grant, and Direct Loan programs, the COA, based on the student’s enrollment status, is a student’s cost for the period for which the aid is intended.
The types of costs that may be included are the same for all FSA programs. There are a variety of methods to arrive at average costs for your students: periodic surveys of your student population, assessing local housing costs or other pertinent data, or other reasonable methods you may devise which generate accurate average costs for various categories of students. If you establish standard cost categories, you must apply the cost allowances uniformly to all students in those categories. If a student is enrolled in a program that has extra fees or costs, such as lab fees, you can add those fees to the student’s cost or use a standard cost that you’ve established for all students in that program. Students must be awarded on the basis of a COA comprised of allowable costs assessed all students carrying the same academic workload. However, you cannot combine the COA figures for each separate enrollment status and award aid to a student on the basis of the average COA. You can have different standard costs for different categories of students, such as one COA for out-of-state students, who are charged higher tuition, and a different COA for in-state students, who are charged lower tuition. For example, for the tuition and fees component, you can use the same average amount for all full-time students instead of figuring the actual tuition and fees for each individual student. As you’ll see, you can use average expenses (for students with the same enrollment status) at your school, rather than actual expenses. The COA for a student is an estimate of that student’s educational expenses for the period of enrollment. The law specifies the types of costs that are included in the COA, but each school must determine the appropriate and reasonable amounts to include for each eligible COA category for its students, based on the criteria described in this chapter. 472) and is not subject to regulation by the Department. Cost of attendance (COA) is determined by law (Higher Education Act, Sec.
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