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.  The expense budget depends upon whether students live at home, in a campus residence hall, or off campus.  These estimated annual (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.

 

Undergraduate
Annual Expenses
(12-18 Credits per Semester)

Graduate
Annual Expenses
(9 Credits per Semester)
Pennsylvania Resident
Non-Resident
Pennsylvania Resident
Non-Resident
Tuition
$6,622.00
$16,556.00
$8,840.00
$13,260.00
Fees
1,959.50
2,149.50
2,028.00
2,228.00
Room
4,886.00
4,886.00
4,886.00
4,886.00
Board
2,962.00
2,962.00
2,962.00
2,962.00
Totals
$16,429.50
$26,553.50
$18,716.00
$23,336.00

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 $5,752 for Pennsylvania undergraduates.