2023–2024 CATALOG AND STUDENT HANDBOOK ACADEMIC INFORMATION AND UNIVERSITY POLICIES 147 FINANCIAL AID Financial Aid Cost of Attendance Your financial aid cost of attendance (COA) is the estimated average and reasonable cost of completing an academic year at Rasmussen University. An academic year usually consists of nine months (three quarters). Your COA serves as the foundation for determining your financial need as well as the amount of financial aid, including grants, scholarships, loans, and work-study that can be offered to you. The COA can only include costs for the individual student. The Student Financial Aid Office may adjust the COA for students on a case-by-case basis to address individual, unique circumstances. ALL CONTENT IS SUBJECT TO CHANGE BY ADDENDUM 1 Actual tuition, fee, and book charges vary by student, credit load, and program of study. To view your actual charges, go to the Student Account Center. 2 Military students receiving Basic Allowance for Housing (BAH) will have a reduced living expense due to it only including the food allowance within this component. 3 Actual costs vary by student, based on student choice, and travel habits. 4 One-time administrative fee charged for Medical Assisting Diploma, Medical Laboratory Technician Associate, Physical Therapist Assistant Associate, Radiologic Technology Associate, and Surgical Technologist Associate’s Degree programs. For detailed information on the program administrative fee, visit the Program Administrative Fee page. 5 One-time administrative fee charged for all undergraduate programs within the School of Nursing. For detailed information on the program administrative fee, visit the Program Administrative Fee page. EXAMPLES of 2023-2024 Undergraduate Financial Aid Cost of Attendance (COA) Your actual charges for tuition and fees, also known as Direct Costs, will be different than what is reflected in your financial aid COA. That is because the COA is based on estimated averages. To view your actual tuition and fee charges, go to the Student Account Center. Indirect Costs are external expenses that you may incur during the academic year as part of your educational experience. These costs are not billed to your student account, but they are part of the Financial Aid COA. All COA components shown below are for nine months and full-time (12+ credits per quarter). Students attending less than full-time are eligible for financial aid; however, the COA, expected family contribution (EFC) and maximum awards may be adjusted for attending less than full-time attendance and/or less than an Academic Year. Several programs also have a one-time program administrative fee that may be added to the COA. All Schools except Health Sciences and Nursing Average Direct Costs Living With Parent Not Living With Parent Tuition $11,241 $11,241 Fees $2,097 $2,097 Books, course materials, supplies, and equipment $360 $360 TOTAL Average Direct Costs1 $13,698 $13,698 Estimated Indirect Costs Living Expenses2 $4,986 $9,936 Personal Costs $3,114 $3,114 Transportation $2,673 $2,673 TOTAL Estimated Indirect Costs3 $10,773 $15,723 Total Estimated COA $24,471 $29,421 School of Health Sciences Average Direct Costs Living With Parent Not Living With Parent Tuition $11,241 $11,241 Fees $2,097 $2,097 Books, course materials, supplies, and equipment $360 $360 Administrative Fee4 $350 $350 TOTAL Average Direct Costs1 $14,048 $14,048 Estimated Indirect Costs Living Expenses2 $4,986 $9,936 Personal Costs $3,114 $3,114 Transportation $2,673 $2,673 TOTAL Estimated Indirect Costs3 $10,773 $15,723 Total Estimated COA $24,821 $29,771 School of Nursing School of Nursing - BSN Average Direct Costs Living With Parent Not Living With Parent Living With Parent Not Living With Parent Tuition $16,884 $16,884 $17,091 $17,091 Fees $2,097 $2,097 $2,097 $2,097 Books, course materials, supplies, and equipment $360 $360 $360 $360 Administrative Fee5 $495 $495 $495 $495 TOTAL Average Direct Costs1 $19,836 $19,836 $20,043 $20,043 Estimated Indirect Costs Living Expenses2 $4,986 $9,936 $4,986 $9,936 Personal Costs $3,114 $3,114 $3,114 $3,114 Transportation $2,673 $2,673 $2,673 $2,673 TOTAL Estimated Indirect Costs3 $10,773 $15,723 $10,773 $15,723 Total Estimated COA $30,609 $35,559 $30,816 $35,766
