[Oasfaa] Housing component?

[Kelly Hicks]

Hi Jonna – I use the average.

Kelly Hicks|Director of Financial Aid-NCAA Compliance
P:918-343-7573|F:918-343-7598|kellyhicks at rsu.edu

[RSU Secondary logo]

From: oasfaa-bounces at lists.onenet.net [mailto:oasfaa-bounces at lists.onenet.net] On Behalf Of Jonna Raney
Sent: Friday, September 30, 2016 10:05 AM
To: oasfaa at lists.onenet.net
Subject: [Oasfaa] Housing component?


I have always had a standard "on campus" budget. I typically used the dorm room price for the room component. We charged the same price for 3 of the 4 dorm. However, beginning next year, the dorms will all have varying prices. From my interpretation of the handbook, "An allowance for room and board. For students that aren’t
dependents living at home with their parents, this will be an allowance
that you determine. For students living on campus, the allowance
is the standard amount normally assessed most residents." I plan to use the average $ of the 4 different residence halls for the room component. My CFO thinks I should use the lowest cost dorm. (I do not include apartment costs in the budget calculation because more than 50% of the students live in the 4 dorms.)

Am I being too picky? How do you get your on campus room amount? I hope you don't tell me I need 10 different COA budgets because many times, we don't know where the students will live until they're moved in. [😊]

Thanks in advance for your assistance.

[Oklahoma Baptist University]

Jonna Raney

Director of Student Financial Services

405.585.5020
Oklahoma Baptist University



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