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Resident Advisors and Financial Aid

A resident advisor (RA) position provides a valuable opportunity to develop skills you need to balance work, academic and human concerns. RA’s are not charged for room or board. The room and board charge is detailed in your cost of attendance (COA) but is replaced dollar-for-dollar by the RA grant. Therefore, you do not see the charge or the payment on your statement of account. Since you are not charged for room or board, how does this affect your financial aid?

The cost to the family is reduced for students who do not receive need-based assistance, or who receive a moderate amount of grant. For students whose need-based grants cover a significant portion of their cost, the RA room/board benefit reduces the need to borrow but has little impact on out-of-pocket family expense. RAs may have eligibility to be offered a Federal Work Study award upon request.

Here are several scenarios for your consideration, based on estimated 2013-2014 figures:

COA Soph. On-Campus Jr. Off-Campus Jr. RA
Tuition
$45,470
45,470
45,470
Room/Board
13,832*
9,000
14,190**
Personal Expeneses
1,000
1,000
1,000
Books
1,200
1,200
1,200
Total
$61,502
56,670
61,860
Family Contribution (EFC)
Student
$2,000
2,000
2,000
Parent (constant)
10,000
10,000
10,000
Total
12,000
12,000
12,000
COA-EFC=Need
$49,502
44,670
49,860

* estimate based on freshman double room and Anytime Dining + 100 dining dollars per semester
** estimate based on freshman single room and Anytime Dining + 100 dining dollars per semester

AID PACKAGES
Grant Recipient
RA grant
-
-
14,190
Bloomberg
$47,000
42,100
35,600
FWS
2,500
2,500
-
Total
$49,500
44,600
49,790
Grant + Loan Recipient
RA grant
-
-
14,190
Hopkins Grant
42,500
36,600
32,900
Direct Loan - Sub
4,500
5,500
2,750
FWS
2,500
2,500
-
Total
$49,500
44,600
49,840
Family pays - No Grant Received
RA grant
-
-
14,190
Direct Loan
4,500
5,500
0
FWS (if eligible)
2,500
2,500
-
Total
$7,000
8,000
14,190

Note: Juniors' cost of attendance is reduced by moving out of on-campus housing, so grant need is usually reduced in the junior year.

 

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