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I was looking at one of my home school's COA and it seems as though the school's estimates are incredibly high.
For example, they estimate ~$10,000 a year for housing. As this is my home school, I'm obviously familiar with the cost of an apartment. There is an apartment complex less than 1/4 of a mile from the med school that is newly renovated, fully furnished, and unlimited utilities. They charge $630/month for a one-bed/one-bath. That comes to $7500/year for housing. Most people I know here in town share their apartment with a few roommates and live in a less fancy place. I have some friends who share an apartment and pay around ~$400-450/month including utilities and live within 10 minutes walking distance. Unless I'm missing something, there is no way housing can cost $10,000 a year in this town.
For food, they estimate ~$5500 a year. That amounts to over $100 a week. I assume I will be eating out quite often as a busy med student, but that still seems very high.
Further, they estimate ~$7000 a year for transportation for IN-STATE students. That's ~$135 a week for gas. There is just no way. This school is ~5 hours away from home and round trip costs me $100 in gas. (This one might be less applicable to my question if car insurance is factored in. Still not sure that it would amount to $7000 a year though.)
I could go on and on...
Am I completely missing something?
There is an apartment complex less than 1/4 of a mile from the med school that is newly renovated, fully furnished, and unlimited utilities. They charge $630/month for a one-bed/one-bath.
Yeah, what I did was overestimate for the first year. They give you plenty and I know I can easily take out ~15k-20k of my CoA, but I only rejected 10k of my loans to account for things like emergencies and such. I always look into the Resident forums too to remind myself how loans can be damaging in the future if they aren't handled with care.
The amounts they are now, they're damaging even handled with care. I'll be minimizing my COL as much as possible but can't do much about the tuition bill....
I was looking at one of my home school's COA and it seems as though the school's estimates are incredibly high.
For example, they estimate ~$10,000 a year for housing. As this is my home school, I'm obviously familiar with the cost of an apartment. There is an apartment complex less than 1/4 of a mile from the med school that is newly renovated, fully furnished, and unlimited utilities. They charge $630/month for a one-bed/one-bath. That comes to $7500/year for housing. Most people I know here in town share their apartment with a few roommates and live in a less fancy place. I have some friends who share an apartment and pay around ~$400-450/month including utilities and live within 10 minutes walking distance. Unless I'm missing something, there is no way housing can cost $10,000 a year in this town.
For food, they estimate ~$5500 a year. That amounts to over $100 a week. I assume I will be eating out quite often as a busy med student, but that still seems very high.
Further, they estimate ~$7000 a year for transportation for IN-STATE students. That's ~$135 a week for gas. There is just no way. This school is ~5 hours away from home and round trip costs me $100 in gas. (This one might be less applicable to my question if car insurance is factored in. Still not sure that it would amount to $7000 a year though.)
I could go on and on...
Am I completely missing something?