Financial Need and Cost

Financial Need and Cost

While some financial aid funds can be awarded without regard to a student's financial situation, students must demonstrate "financial need" to qualify for assistance from "need-based" programs.  They do not necessarily have to be from a low-income family.  "Need" is the difference between the cost of attending Bloomsburg University and what the student and/or family can contribute as calculated by a financial aid formula that is approved by the U.S. Department of Education.


When estimating how much students and their families may be able to contribute, a need analysis considers the student's and family's income and assets, including savings; the student's and family's ages and need for retirement income; the number of children or other dependents in the household; and the number of family members in college.  Students are expected to contribute something from their savings and earnings.


The student expense budget is the total cost of attending college.  This figure is used to determine each student's financial need.  For the 2015-2016 academic year, tuition will be charged on a per credit basis.  Pennsylvania resident undergraduate students will be charged $284 per credit and non-resident students will be charged $568 per credit.  Typical costs for students enrolling in 12 or 15 credits per semester are detailed in the chart below.  These estimated (fall/spring semesters) costs are subject to change without notice and are dependent upon the action of the Board of Governors of the State System of Higher Education and the Bloomsburg University Council of Trustees.

 

Full-Time Undergraduate
2015-2016 Academic Year
Per Semester Expenses

Pennsylvania Resident
Non-Resident
12 Credits
15 Credits
12 Credits
15 Credits
Tuition
$3,408
$4,260
$6,816
$8,520
Fees
1,115
1,115
1,229
1,229
Room
2,680
2,680
2,680
2,680
Board
1,560
1,560
1,560
1,560
Totals
$8,763
$9,615
$12,285
$13,989

In addition to the costs for tuition, fees, room, and board, students will incur costs for books, supplies, transportation, personal and miscellaneous expenses.  BU expects these annual expenses will be approximately $5,100 for Pennsylvania undergraduates.