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Hello and welcome to our series from the University of Arizona FAQ's
Financial Aid Series. My name is Stefanie Basij and I'm the Director
of Recruitment at the University of Arizona and I am so excited to be joined
with Rebekah Salcedo, our Director for the Office of Scholarships and Financial
Aid. Rebekah thank you for joining us today.
My pleasure, Stefanie, thank you.
Today our series is titled, "How much does the UA cost?" and what we want to do
is answer some of the frequently asked questions about how students and
and families can determine and plan for the cost of college at the University of
Arizona. So, today we're going to dive into some of the tools that we have available
to students and families to plan for their attendance at the University of
Arizona. So, Rebekah can you share a little bit about how a student and a
family can look at determining the cost of attendance at the University of
Arizona and the factors that go into that? Absolutely!
The cost of attendance from a financial aid perspective is a little bit more
broad than some families might be thinking of. Because we want to make sure
that we're considering all of the costs of a student's education which could
include both direct costs, which are costs that a student will get a bill for from
the university, and indirect costs, which aren't items that the student would
necessarily get a bill for but are items that students need to think about and
plan for in order to be a successful student at U of A. And so, on our webpage e
we have a, we have a link on this presentation to our webpage that will
direct students to the cost of attendance page. The cost of attendance
is updated annually as we get new numbers and we update it in several ways.
We survey our students every couple of years to ask them about their
expenses, we also keep an eye on the consumer price index to determine that
the estimates that we have are reasonable to student costs, and then for
the direct costs from the institution we use averages that are most suitable to what
what more students pay.
So, in that research, how do you break down the categories for costs for students?
Sure, absolutely! So, our cost of attendance is broken down into several categories.
There's tuition and so there's tuition and we usually include in that mandatory fees
as well that student might have to cover, we have room and board and we have averages
that are specific to either living on campus or off campus or even being a commuter for students
who are considering staying with their parents, our Tucson students.
We have books and supplies.
Again, very much an average.
We do recommend that students buy their books from our U of A Bookstore,
but the amount that they could pay could vary so that is an estimate.
There's travel cost. So, that could either be transportation to or from school,
it could be a bus pass, a parking permit, and so those are costs students can think about.
Miscellaneous are thing like laundry, deodorants, contact lenses, little expenses
that will come up that students need to cover
while they're a student. And then we have, there's loan fees for student who are
thinking of borrowing loans that they, there could be a fee if they would want to
keep into consideration. And we found that some students, the majority of
students take usually at least one iCourse while they're at U of A and so we
include that iCourse fee so that's covered as well.
And the iCourse fee is
for an online course, correct? Correct! Ok, Wonderful! So then how does the student
figure out what the total price would be and depending on the facts that they
personally have? Right, so we. In addition to the award letter which well be talking
about in another video series, student who have not yet applied or are just curious
in exploring can look at our Net Price Calculator. The Net Price Calculator is a
great tool for students not only to find about their cost but the different
types of financial aid that they might be eligible for. And so, we do recommend
that especially students who haven't got an award letter yet, try out that
Net Price Calculator. They enter in their grades, and their test scores, and we will
show them both the scholarship information that they might be eligible
for and their financial aid information, as well as some costs. Wonderful! And is
that tool for incoming freshmen and transfer students? Correct! We do have two
separate Net Price Calculators. One is specific to incoming transfer students,
incoming freshman students and the other one is specific for
incoming transfer students. Wonderful! Absolutely! So, you mentioned tuition as a part of one of
the categories. Right. So how does the University
of Arizona go about setting their tuition and what does that look like?
So, the University of Arizona's tuition is set by the Arizona Board of Regents. And
so, when we first send students an award letter it will have the estimated
tuition which will update later. But one of the greatest things for especially
our incoming freshman is that we have a guaranteed tuition rate which is good for
four years, eight semesters. In which their tuition and mandatory fees stay
exactly the same and so they won't be increased for those four years, eight
semesters. And that really helps families with planning. Wonderful! And are there
other sources of information that families should investigate when they're
looking at the University of Arizona? Absolutely! So, the financial aid website
is the best source of information. We have information about the different
types of aid that are available for students, we have again the cost of
attendance page is there, we also have forms that students might need to access to
find out, and so that we have, also have an FAQ section. So, families and
students should for sure check out that financial aid web page and feel free
free to contact our office if they have any questions. Wonderful! And the Office of
Admissions also has a great webpage for students to get more information if they
still haven't applied yet, want to apply, want to learn how to visit our campus,
contact us via email or phone. So that's a great way for student to connect
while their doing their search process and for those students who have been
admitted. Well thank you, Rebekah, for joining us today
and thank you all for watching and we hope that you continue to watch the rest
of the videos in our FAQ series.
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