The Financial Aid 2014-2015 Cost of Attendance (PDF, 200KB) is an estimate of the expenses that you can expect to have while attending Madison College. The COA is based on the average expenses that are typical in the Madison College district and do not represent every expense that you might have during that year. The Financial Awareness Training and Education (FATE) program offers lessons on budgeting that can help you get control of your expenses.
Cost of Attendance is composed of the following expenses:
Tuition and fee expenses are determined by the Wisconsin Technical College Systems (WTCS) Board. Your amount will be based on your enrollment status as of the Date of Record for each semester. Actual enrollment, any additional costs added (e.g., online class fees, paying out of state tuition, etc.) may change this estimation.
Book expenses reflect the typical cost of books and supplies based on your enrollment status as of the Date of Record for each semester. These costs will vary based on your program, classes, and books required. Madison College has a Book Charge Process that you may be eligible for if you meet the eligibility requirements.
Personal expenses are a variable cost and include all of the miscellaneous costs (e.g., personal hygiene, clothing, phone, etc.) associated with attending school. It is important to keep in mind that you control many of these costs and may need to make adjustments to make sure that you can cover these and all other costs.
Room and board are the average expenses for housing and food. You will either have “Away from Home” or “At Home” expenses for room and board based on your housing choice listed on your FAFSA application. Your actual costs may be different based on your housing situation and your food choices.
Transportation expenses reflect the typical costs of traveling to attend school. Your actual costs may be different based on your transportation choices. Purchasing a vehicle, car payments, insurance costs, and major repairs are not included in these costs.
Your financial need is the difference between your COA and the expected family contribution (EFC). Your EFC is determined by the information listed on your FAFSA application (COA – EFC = Financial Need). Your EFC is not the amount of money that you and/or your family will have to pay; it is used to calculate your eligibility. Some types of aid, such as grants, subsidized Stafford loans and work study, are based on financial need and the availability of funds.
The total of aid from all sources cannot exceed your COA. If this occurs, you are considered to be over awarded. Your financial aid eligibility may need to be adjusted, reduced or eliminated. Therefore, it is your responsibility to inform the Financial Aid Office of any other aid (e.g., scholarships, state grants, etc.) that are not listed on your award. Your COA cannot be increased based on you receiving these funds.
If you have additional expenses or other unrelated expenses that are not already included, you can ask to have your COA evaluated for a potential adjustment. In some cases these adjustments will have no impact to the financial aid award depending on the type and amount of the award. You must submit necessary documentation to justify the change to the Financial Aid Office for review. Some examples of these expenses are:
Decisions for an adjustment to your COA are at the discretion of the Financial Aid Office and all decisions are final. Adjustment requests will not be accepted for housing, automobile or household repairs, consumer debt (credit cards, loan payments), household bills and expenses, or any other expense already taken into consideration when determining your COA.
If you have additional questions, visit askMadisonCollege to view frequently asked Financial Aid questions, submit a Financial Aid Category question or contact Madison College Financial Aid at (608) 246-6170.