Site Home Prospective Students Returning Undergraduates Graduate Students Part-Time Students International Students
International Students Tax Information Other Administrative Offices Contact Aid Advisors Site Map


How to Apply

What Does it Cost?

Paying Your Bill

FAQ's

Calendar

Scholarships

Merit-Based
Need-Based
Outside/Private

Loans

Student Loans
Parent Loans
Supplemental

Work Opportunities

Resident Advisors

Concurrent Programs

Forms

Site Map


Resident Advisors and Financial Aid

A resident advisor (RA) position provides a valuable opportunity to develop skills you need to balance work, academic and human concerns. RA’s are not charged for room or board. The room and board charge is detailed in your cost of attendance (COA) but is replaced dollar-for-dollar by the RA grant. Therefore, you do not see the charge or the payment on your statement of account. Since you are not charged for room or board, how does this affect your financial aid?

The cost to the family is reduced for students who do not receive need-based assistance, or who receive a moderate amount of grant. For students whose need-based grants cover a significant portion of their cost, the RA room/board benefit reduces the need to borrow but has little impact on out-of-pocket family expense. RAs may have eligibility to be offered a Federal Work Study award upon request.

Here are several scenarios for your consideration, based on estimated 2015-2016 figures:

COA Soph. On-Campus Jr. Off-Campus Jr. RA
Tuition
$48,710
48,710
48,710
Room/Board
14,540*
9,461
14,540*
Personal Expeneses
1,036
1,036
1,036
Books
1,210
1,210
1,210
Total
$65,496
60,417
65,496
Family Contribution (EFC)
Student
$2,000
2,000
2,000
Parent (constant)
10,000
10,000
10,000
Total
12,000
12,000
12,000
COA-EFC=Need
$53,496
48,417
53,496

* estimate based on double room in typical university housing and full university meal plan.

AID PACKAGES
Grant Recipient
RA grant
-
-
14,540
Bloomberg
$50,900
45,900
38,860
FWS
2,500
2,500
-
Total
$53,400
48,400
53,400
Grant + Loan Recipient
RA grant
-
-
14,540
Hopkins Grant
46,400
40,400
36,110
Direct Loan - Sub
4,500
5,500
2,750
FWS
2,500
2,500
-
Total
$53,400
48,400
53,400
Family pays - No Grant Received
RA grant
-
-
14,540
Direct Loan
4,500
5,500
0
FWS (if eligible)
2,500
2,500
-
Total
$7,000
8,000
14,540

Note: Juniors' cost of attendance is reduced by moving out of on-campus housing, so grant need is usually reduced in the junior year.

 

HomeProspective StudentsReturning UndergradsGrad StudentsPart-Time Students
International Students
Tax InfoOther Administrative OfficesContact Aid Advisors Site Map