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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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