Student Budgets in OCC

Rates for 2007/2008 Academic Year

OCC offers this low tuition rate while still providing the same quality education you would receive at other colleges and universities. If you compare the savings at OCC vs. the tuition costs at other schools over a two year period, the affordability of an OCC education is apparent.

Oakland
$56.80/credit hour
Non-residents of Oakland County
$96.15/credit hour
Out-of-state and International students
$134.83/credit hour

Cost of Attendance (COA) for 2007/2008 Academic Year

The Cost of Attendance (COA) is the total amount it will cost you to attend OCC for an academic year determined using rules established by congress. The COA is calculated using tuition, fees, housing, food, transportation, books, and supplies, personal expenses, and other costs, depending on your circumstances and program of study.

Cost of Attendance Chart for in-district tuition

Dependent

Independent

If you dependent, your Room and Board figures are less because they are provided by your parents. Generally, these students are considered dependent unless they meet the independent student criteria.

In order to be considered as an independent student  for financial aid purposes, you must meet one of the following:

• you were at least 24 years old at the beginning of this calendar year.
• you are a graduate or professional student beyond a Bachelor's degree
• you are a married student
• you are a veteran of the U.S. Armed Forces
• you are an orphan or ward of the court
• you have a legal dependent(s) other than a spouse.

You are considered to be a dependent student if you do not meet any of the criteria used to determine an independent student.

If you are a dependent student, you must provide financial information for yourself and your parents.

A federal formula determined by  Congress is used to calculate an amount, called your Expected Family Contribution (EFC), which determines how much your family can contribute to help pay for school. Factors such as taxable and nontaxable income, assets, and benefits are all considered in this calculation. Please note that your EFC is not an amount you must pay to the college in order to receive financial aid. It is the amount your family is expected to contribute to the cost of your education. Some financial aid programs can replace your EFC.

A family/student demonstrates financial need when Cost of Attendance (COA) minus the Expected Family Contribution (EFC) is greater than zero.

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