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<p>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<br>
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<div>dependents living at home with their parents, this will be an allowance<br>
that you determine. <u>For students living on campus, the allowance<br>
is the standard amount normally assessed most residents.</u>" 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.)<br>
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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.
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Thanks in advance for your assistance.</div>
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Jonna Raney</h2>
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Director of Student Financial Services</p>
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405.585.5020<br>
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