Educational costs include not only the direct cost of tuition and fees, but also the indirect costs of out-of-pocket expenses such as housing, food, books, supplies, and personal expenses, including but not limited to clothing, medical expenses, personal items and transportation. Direct costs reflect the actual amount a student will be billed by the University. Indirect costs are what a typical student might expect for out-of-pocket expenses such as supplies, books, clothing, food, medical expenses, personal items, and transportation over a nine-month period.

These direct and indirect expenses are used in formulating a student’s budget and determining financial need. The Financial Aid Office will assign each student a budget depending on the information provided on the FAFSA. If the budgets shown below differ significantly from the expenses you expect to incur, please inform the Financial Aid Office.

Naturally, individual habits and personal spending patterns will dramatically influence the scale of the indirect costs. Therefore, the budgets that follow are estimates only.

Estimated Expenses for 2008-2009
These figures are intended for your use in estimating your costs for the upcoming academic year.

First Year Undergraduate
	Commuter	Resident/Off-Campus
Tuition (12-18 credits/sem)	$29,500	$29,500
Technology Fee	$1,100	$1,100
Dorm/Housing	-	$7,047
Subtotal	$30,600	$37,395
Indirect Expenses Books & Supplies	$2,100	$2,100
Housing	$4,491	-
Food	$1,665	$1,665
Personal Expenses	$1,665	$1,665
Transportation	$1,215	$909
Estimated Total	$41,736	$43,986

Sophomores, Juniors, Seniors
	CAD Commuter	CAD Resident/ Off-Campus	Non CAD Commuter	Non CAD Resident/ Off-Campus
Tuition (12-18 credits/sem)	$29,500	$29,500	$29,500	$29,500
Technology Fee	$1,350	$1,350	$300	$300
Dorm/Housing	-	$7,047	-	$7,047
Subtotal	$30,850	$37,897	$29,800	$36,847
Indirect Expenses Books & Supplies	$2,100	$2,100	$2,100	$2,100
Housing	$4,491	-	$4,491	-
Food	$1,665	$1,665	$1,665	$1,665
Personal Expenses	$1,665	$1,665	$1,665	$1,665
Transportation	$1,215	$909	$1,215	$909
Estimated Total	$41,986	$44,236	$40,936	$43,186

Commuters
Students who live within reasonable commuting distance of the University and reside with parents or relatives.

Resident/Off-Campus
Students who reside in University-owned housing or who reside in housing that is owned by neither the University nor their parents or relatives. Students who live within commuting distance of the University will not be funded as residents, or as off-campus.

Part-Time Students
Budgets for part-time students are determined on an individual basis.

The Taxpayer Relief Act of 1997 includes tax credits for education. The Hope Scholarship is a tax credit of up to $1,500 that covers 100 percent of the first $1,000 in qualified tuition and related expenses, and up to 50 percent of the second $1,000, required for enrollment during the first two years of college.

The Hope tax credit is generally available for tuition and fees paid, less grants and scholarships, for classes that begin on or after January 1, 1998. The credit is phased out for single taxpayers with adjusted gross income between $40,000 and $50,000 ($80,000 to $100,000 for joint returns). Students who do not qualify for the Hope Scholarship may qualify for the Lifetime Learning Credit.

For specific information about how these tax credits may affect you, contact your tax professional.