Component |
Description |
Tuition and Fees |
The cost of tuition and any associated fees for a specific period. |
Room and Board |
The cost of housing and meals. |
Books and Supplies |
The cost of textbooks and other educational materials. |
Transportation |
The cost of commuting or transportation to and from the educational institution. |
Personal Expenses |
Miscellaneous personal expenses related to attending school. |
Total Cost of Attendance |
The overall cost of attending the educational institution, including all the above components. |
Formula |
Total Cost of Attendance = Tuition and Fees + Room and Board + Books and Supplies + Transportation + Personal Expenses |
Purpose |
Used to calculate the total financial requirements for attending an educational institution, helping students budget their education expenses. |