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Cost of Attendance Your Cost of Attendance for the upcoming academic year represents the expected amount it will cost you to attend the UAMS College of Medicine; and therefore also represents the maximum amount of financial aid you can receive from all sources (including educational loans and scholarships from outside sources). Federal regulations require each school to develop a Cost of Attendance Budget to reflect only those costs that are directly related to obtaining an education. Schools are allowed to include tuition, fees, books, equipment required of all students, and reasonable costs for food, housing, transportation, and miscellaneous living expenses. Budgeting. . . Your financial aid is based on your cost of attendance, not on your preferences and spending habits. The freshman year budget includes 10 months of living expenses, the sophomore and senior year budgets include 11 months, and the junior year budget includes 12 months. You have the flexibility of using funds within that budget to accommodate your own priorities. You should take into consideration our Cost of Attendance Budget when deciding how much to budget for housing, food, transportation and miscellaneous living expenses. The Association of American Medical Colleges provides some great advice on their website at www.aamc.org/students/financing for budgeting before, during and after medical school, as well as information on financing your education and managing your debt in repayment. For Married Students. . . Married students should note that federal regulations stipulate that your budget for the year include living expenses solely for you, the student. We expect that your spouse will be working full time while you are in school, and that you will use their earnings from work to help support your family’s living expenses. Your budget will not be increased to replace your spouse’s income if they choose not to work. However, we can increase your budget to help with child care costs if you provide a receipt, but your spouse will be expected to cover a portion of the cost. 2009-2010 Cost of Attendance Budget
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