Where does Cost of Attendance come from?

Cost of Attendance is the total amount of aid [including scholarships, grants and loans] that you are able to receive for the entire year.  The Cost of Attendance is derived based on living expenses in the Winston-Salem area and student surveys.  The amount provided each year allows a medical student to live comfortably [not luxuriously] alone.  Cutting costs in anyway, including getting a roommate, budgeting money for food and other expenses, and living as frugally as possible are recommended.  It is not required that you accept the full Cost of Attendance each year.  The amount you accept is flexible so you will be allowed to return funds [if you accept too much] or request more [up to the Cost of Attendance] if you run short.

The Cost of Attendance varies for each class based on the number of months the student is considered "enrolled" and the types of expenses throughout the year [ex:  more transportation in third and fourth year].

The Cost of Attendance should be adjusted for the 2010-2011 year in March of 2010.  The Board of Trustees will determine the tuition for the coming year and the financial aid office will revise the Cost of Attendance.  Below you will find a breakdown of the Cost of Attendance for each class during 2009-2010.  You will also notice the disbursement dates and number of months the budget accounts for. 

How do I manage this money?

The financial aid office is available to meet with you one-on-one to talk about managing these disbursements.  Due to the strict amount allowed for each year, it is important that you have a spending plan.  There are many creative ways to manage these funds.  For example, you could pay rent for the entire semester as soon as you receive your first disbursement and again in January.  Or, students often put their disbursement in a savings account and "pay" themselves monthy or bi-monthly.  If you're interested in talking with our office about any of these techniques please contact us.

 

Cost of Attendance for Each Class in 2009-2010

First Year

Disbursed 07/23/2009 and 01/04/2010

	Per Month	Per Year
Tuition		$39,395.00
Books, Supplies & Equipment		$1,690.00
Lodging	$550.00	$5,500.00
Food	$350.00	$3,500.00
Transportation	$305.00	$3,050.00
Utilities	$275.00	$2,750.00
Health Insurance	$220.00	$2,640.00
Personal/Household	$60.00	$600.00
Laundry	$40.00	$400.00
Miscellaneous	$65.00	$650.00
TOTAL	$1,865.00	$60,175.00

Only provides living expenses for 10 months.

Health insurance lasts for 12 months.

 

Second Year

Disbursed 08/24/2009 and 01/04/2010

	Per Month	Per Year
Tuition		$39,395.00
Books, Supplies & Equipment		$1,130.00
Lodging	$550.00	$6,600.00
Food	$350.00	$4,200.00
Transportation	$305.00	$3,660.00
Utilities	$275.00	$3,300.00
Health Insurance	$220.00	$2,640.00
Personal/Household	$60.00	$720.00
Laundry	$40.00	$480.00
Miscellaneous	$65.00	$780.00
TOTAL	$1,865.00	$62,905.00

 Provides living expenses for 12 months.

Third Year

Disbursed 08/31/2009 and 01/04/2010

	Per Month	Per Year
Tuition		$39,395.00
Books, Supplies & Equipment		$1,110.00
Lodging	$550.00	$6,050.00
Food	$350.00	$3,850.00
Transportation	$368.00	$4,048.00
Utilities	$275.00	$3,025.00
Health Insurance	$220.00	$2,640.00
Personal/Household	$60.00	$660.00
Laundry	$40.00	$440.00
Miscellaneous	$65.00	$715.00
TOTAL	$1,928.00	$61,933.00

Provides living expenses for 11 months.

Health Insurance lasts for 12 months.

Fourth Year

Disbursed 07/13/2009 and 01/04/2010

	Per Month	Per Year
Tuition		$39,395.00
Clinical Skills Exam		$550.00
Books, Supplies & Equipment		$1,110.00
Lodging	$550.00	$5,500.00
Food	$350.00	$3,500.00
Transportation	$368.00	$3,680.00
Utilities	$275.00	$2,750.00
Health Insurance	$220.00	$2,420.00
Personal/Household	$60.00	$600.00
Laundry	$40.00	$400.00
Miscellaneous	$65.00	$650.00
TOTAL	$1,928.00	$60,555.00

 Provides living expenses for 10 months.

Health Insurance lasts for 11 months.