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What is the actual cost/ what is the extra charge?

costofcollege12costofcollege12 0 replies2 threadsRegistered User New Member
In my scholarship letter they said the OOS tuition (before subtracting my scholarship) is 50k.In small print it said the total was actually 55k. It says the extra cost is "Other Est., Out-of-Pocket".

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This is how it shows up:
Cost of Attendance
Tuition and Fees
$35,572.00

Est. Other Required Fees
$1,460.00

Est. Housing and Food Costs
$14,124.00

Est. Books and Supplies
$1,240.00

Other Est., Out-of-Pocket
$3,408.00

Total:
$55,804.00



8 replies
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Replies to: What is the actual cost/ what is the extra charge?

  • KnowsstuffKnowsstuff 4249 replies17 threadsRegistered User Senior Member
    It can be anything from travel to school /home to clothes, computer, etc. I wonder that the other required fees are. Does that include health insurance?

    BTW - you can save on books by buying used and some classes have pdf versions on the internet. You can save big time on that estimate.
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  • allyphoeallyphoe 2396 replies57 threadsRegistered User Senior Member
    Billed costs are $50k. COA is $55k.
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  • buckeyeinbamabuckeyeinbama 82 replies3 threadsRegistered User Junior Member
    edited April 23
    @costofcollege12 The only number we don't have yet for the 2019-2020 Tuition Promise cohort is the tuition and fees. We'll know that in July after the trustees vote/approve. Here's what they are for the 2018-2019 Tuition Promise cohort so at least you can see the breakdown of the types of fees they charge: https://miamioh.edu/onestop/your-money/tuition-fees/oxford-campus/undergrad-fall-2016/2018-cohort/index.html

    Here are the 2019-2020 Tuition Promise cohort meal plan fee breakdowns:https://miamioh.edu/campus-services/dining/meal-plans/2019-2020-meal-plan-options/index.html

    Here are the 2019-2020 Tuition Promise cohort residence hall fee breakdowns: http://miamioh.edu/campus-services/home/living-at-miami/housing-rates/index.html

    For out-of-state, we're planning on a direct bill (tuition, fees, room, board) of $51k, just to be on the safe side. At least we hope we will be on the safe side with that number.

    Hope this helps with your planning.
    edited April 23
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  • lexluthor5lexluthor5 451 replies24 threadsRegistered User Member
    @buckeyeinbama I'm not home now, but didn't the financial aid package provide estimates on the 2019-20 charges? I've been assuming that would be very accurate. Is it sometimes not?
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  • buckeyeinbamabuckeyeinbama 82 replies3 threadsRegistered User Junior Member
    @lexluthor5 I guess I just prefer hard numbers to estimates, where possible. I hope that the estimate Miami provided ends up being close, but if you look back at the previous cohorts, some of the tuition hikes between years were substantial. For instance, between the 2016 and 2017 cohorts (going on memory here), the tuition went up by about $2,400. That was rather eye-popping, and it's why I increased our personal estimation just in case our incoming cohort gets hit with something like that increase.
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  • lexluthor5lexluthor5 451 replies24 threadsRegistered User Member
    @buckeyeinbama yes, thanks for noting there were some years with larger increases, but do we know if the estimate was still accurate or not in those years?
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  • buckeyeinbamabuckeyeinbama 82 replies3 threadsRegistered User Junior Member
    I didn't go that far in my search, @lexluthor5.
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  • bamamom2021bamamom2021 254 replies7 threadsRegistered User Junior Member
    My DD17 had MU in her top three. She was awarded a great scholarship and she liked a lot of what the school had to offer. She ultimately dropped it because of the huge increase. It was significantly above what we thought it would be although I no longer have the estimate that they provided. We expected it to be higher but the number seemed excessive. They tried to explain it away by the tuition promise that would hold constant but we saw it as $2,500 more upfront and a higher rate for 4 years in essence they were charging us 10,000 more for the degree than "Advertised". The scholarship was generous but did not compare with the other 4-5 that she had. The other schools were going up about 1,000 -$1,200 year historically. It is a great school but the year that she was accepted the huge increase was a turn off.
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