Undergraduate Cost of Attendance

2012-2013 Cost of Attendance (One Trimester)

2011-2012 Cost of Attendance (One Trimester)

Points to Consider:

• Financial aid is calculated for one trimester at a time.
• Must be enrolled at least half time (6 credits) to receive financial aid.
• Initially, students complete three applications in this process; the federal application (FAFSA), the Logan financial aid application and the electronic Stafford loan application (MPN).
• Students must sign a financial aid award letter each trimester.
• The Cost of Attendance is designed to meet the student’s direct expenses (tuition, fees, and books) and a reasonable portion of the student’s living expenses. Credit card debt, car payments and other discretionary expenses are not related to educational expenses, thus are not included in the student’s cost of attendance.
• Per the Department of Education, living expenses of additional family members are not considered in the cost of attendance. Family members are taken into consideration when determining the family contribution through information provided on the FAFSA application.
• Adjustments may be made per family for exceptional expenses such as unusually high medical expenses, dependant child care expenses, or additional expenses paid by handicapped students for educational needs. Adequate documentation is required.
• After the financial aid file is complete, students will receive an award letter. Loans cannot be processed until the award letters are returned to the financial aid office and the electronic MPN is completed.

Financial Aid Available Per Student Classification:

Financial aid eligibility and availability is partially determined by enrollment status. The criteria for student classifications (undergraduate/dependent or undergraduate/independent) and available aid is as follows:

Undergraduate/Dependent Student

1. Unmarried
2. Less than 24 years old (born after January 1, 1989)
3. Has no dependents
4. Not a veteran and not an orphan/ward of the court

Undergraduate/Independent Student

1. Were you born before January 1, 1989?
2. Married
3. Currently serving on active duty in the U.S. Armed Forces for purposes other than training
4. Veteran of the U.S. Armed Forces
5. Children or dependents that receive more than half of their support from you
6. At any time since you turned age 13, were both your parents deceased, were you in foster care, or were you a dependent or ward of the court.
7. Emancipated Minor as determined by a court in your state of legal residence
8. In legal guardianship as determined by a court in your state of legal residence
9. Homeless, see financial aid for more information

Possible Aid Programs

• Pell Grant - $0 to $2,775 (based on need)
• Supplemental Grant (SEOG) - $0 to $750 (if you qualify for Pell Grant)
• Perkins Loan - $0 to $1,800 (determined by need & availability)
• Direct Loan - (varies - see chart below)
• Parent Loan (PLUS) - $ varies (if denied, student may borrow additional unsubsidized loan funds)
• Work Study - $ varies (minimum wage to $10.00 per hour, up to 20 hours per week)

Disbursement of Financial Aid Funds

• Students must be fully accepted by the Office of Admissions and have completed all financial aid requirements (including Entrance Counseling) before any financial aid funds are disbursed.
• Pell, SEOG and Perkins Loans will be disbursed in two payments; one half in four to five weeks into the first session and the second half in three weeks into the second session.
• Direct loans and alternative loans for a loan period of one trimester will be disbursed in two payments, one half at the beginning of the first session and one half at the beginning of the second session.

Stafford Loan Chart