How Colleges Figure "Cost of Attendance" - COLLEGEdata - Pay Your Way

How Colleges Figure "Cost of Attendance"

A college's "cost of attendance"—the average cost to attend for a single year—is one of the biggest factors in your financial aid award.

Knowing a college's "cost of attendance" (COA) is critical when comparing aid awards. A college with a high COA may offer a generous aid package but still be more expensive than one with a much lower COA.

What's Included in the COA

As dictated by Congress, the COA is the average cost to attend for one academic year (fall through spring). It includes tuition and fees, books and supplies, room and board, transportation, and personal expenses. Colleges adjust the COA yearly to reflect changes to these costs.

How the COA Drives Your Financial Aid

The college subtracts your Expected Family Contribution from the COA to calculate your need for financial aid. The higher the COA, the more aid you will be eligible for.

Your Own COA May Be Different

Colleges create several official COAs that reflect differences in living costs (on-campus, off-campus, or at home) and in-state and out-of-state tuition. Your actual cost to attend might be more than the official COA depending on your major, participation in extracurricular activities, and travel expenses.

Examples of Private and Public COAs

Here are some COAs that colleges reported for the 2017-2018 academic year. These costs are for undergraduates living on campus and enrolled in liberal arts programs.

Private colleges:
Cornell University (Ithaca, NY) – $70,371
Duke University (Durham, NC) – $72,554
Grinnell College (Grinnell, IA) – $65,814
Rice University (Houston, TX) – $63,458
Stanford University (Palo Alto, CA) – $69,584
Swarthmore College (Swarthmore, PA) – $68,334

Public colleges (for state residents):
University of Arizona (Tucson) – $28,217
University of California (Berkeley) – $36,015
University of Idaho (Moscow) – $21,300
University of North Carolina (Chapel Hill) – $25,407
University of Massachusetts (Amherst) – $29,997
University of Michigan (Ann Arbor) – $29,526

COA and Net Price

Your bottom line to attend any college is not the COA—it's the net price—the total out-of-pocket cost that you will actually pay. Net price includes the amount the college expects you and your family to contribute, any financial need unmet by the college, and any loans or work-study earnings (these forms of aid do not reduce what you pay out-of-pocket for college).

What's Next?

Note: Financial information provided on this site is of a general nature and may not apply to your situation. Contact a financial or tax advisor before acting on such information.

For Students Age 18 and Older

Have you received a Personal Invitation to apply for a Student Credit card?

Learn how to qualify for a Personal Invitation to apply for a Student Credit Card


1st Financial Bank believes students who pick colleges wisely will also want to learn how to use credit cards wisely.

College MatchFind the right colleges for you!
College ChancesWill you get in? Find out!
Admissions TrackerSee who got in where, who's applying & how you compare!
Financial Aid TrackerSee who's getting financial aid, how much & how you stack up.
Scholarship FinderFind money for college!
EFC CalculatorCalculate your Expected Family Contribution.
College Net Price CalculatorSee your true out-of-pocket cost to attend any college.
Compare Financial Aid AwardsFind out which college is offering you the best deal.
Dates &
Deadlines
My Data Locker

You must be logged in to view your Data Locker Dashboard

Log in to see all of your saved colleges, scholarships, articles, profiles and searches in one place. Access your Dashboard from any page.