Cost of Attendance
The Financial Aid 2016-2017 Cost of Attendance (COA) is an estimate of the expenses you can expect to have while attending Madison College. The COA is based on average expenses that are typical in the Madison College district. It does not represent every expense that you might incur during the year, but it is a useful estimate for figuring out your budget for attending MATC.
The COA is composed of the following expenses:
- Tuition & Fees
Tuition and fee expenses are determined by the Wisconsin Technical College System (WTCS) Board. Your amount will be based on your enrollment status as of the Date of Record for each semester. Actual enrollment and any additional costs added (e.g., online class fees, out of state tuition, etc.) may change the total.
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 Program that you may qualify for if you meet the eligibility requirements.
Personal expenses are a variable cost that includes all of the miscellaneous expenses associated with attending school, such as personal care, clothing and phone. 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 afford to cover these and all other expenses.
- Room and Board
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. 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 loan payments, insurance costs and major repairs are not included in these costs.
Expected Family Contribution (EFC) is an estimate of how much your family can be expected to contribute to your college expenses. It is determined by a formula using the information you provide on your FAFSA. EFC is a used to determine your financial aid eligibility and award; it is NOT the actual amount of money that you and/or your family must to pay to attend Madison College.
Financial Need is the difference between your COA and your EFC (COA - EFC = Financial Need). In other words, your financial need is the portion of your estimated expenses above the amount that your expected family contribution would cover.
Some types of aid, such as grants, Federal Direct Subsidized Loans and work study, are based on financial need and the availability of funds. The total aid from all sources cannot exceed your COA. If your COA is exceeded (over awarded), your financial aid may need to be adjusted accordingly. 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.
Can I Increase My COA?
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.