In order to award aid, a school must first establish an estimated cost of attendance. This includes fixed amounts, such as tuition and fees, as well as amounts that must be estimated, such as room, board, books, transportation, and personal expenses (laundry, toothbrushes, etc.) Once the budget is established, aid can be awarded, taking into account the student's need as established by the FAFSA application (Budget - Estimated Family Contribution - Other Resources = Need). The Office of Financial Aid then awards aid in accordance with Federal and State regulations.
Need based aid, such as Federal, State and Institutional Grants, Work-Study, and Loans can be awarded up to the established need amount. Loans such as the Federal Unsubsidized Stafford Loan can be awarded beyond the need, up to loan maximums. The total of all aid awarded, however, cannot exceed the budget, as established by the school. The budgets below are approximate. The actual budgets used to award aid may vary slightly to comply with tuition changes, loan fee consideration, etc.
WA Resident estimated costs for 2015-16
|Tuition and Fees||$4,500|
|Books and Supplies||$1,050|
|Non-Resident estimated budget =||$27,000|
These budgets reflect full-time, nine month enrollments. Figures are adjusted according to student's living arrangements and enrolling levels.