Financial Aid Cost of Attendance

Financial Aid Cost of Attendance

2023-2024 Budget items

The Financial Aid Office at Central Lakes College has developed a comprehensive financial aid program based on federal, state, institutional and private resources to help students cover the cost of education. CLC annually awards assistance to about 75 percent of its student body and has awarded over $18 million aid dollars annually to its students. Therefore, no prospective student should hesitate to apply for admission because of financial circumstances. The CLC Financial Aid staff encourages all students to apply for financial aid.

In order for the Financial Aid office to determine your financial eligibility, we must first establish what we feel your costs are associated with attending Central Lakes College for an academic year. Tuition figures are estimated until approved by the MnSCU Board.

All budget items shown are for nine months and attending full time (15+ credits per term). Students attending less than full-time are eligible for financial aid; however, budget, family contributions, and maximum awards may be adjusted proportionately for less than full-time attendance.

Base Tuition and fees are based on the following table:

Base Tuition/Fees (a)                                              $6208

(Specific differential or programmatic tuition – see Differential Tuition tab link.)
Estimated Books/Supplies                                      $1000
Estimated Living Exp (housing and food)             $9459
Estimated Transportation (b)                                 $3845
Personal/Misc. (c)                                                    $2403

Loan Fees (f)                                                                   $85


Total                                                                            $23,000

Base tuition = $180.79/credit X 15 credits = $2711.85 X 2 Semesters =$5423.70
Parking = $2.50/cr. X 15 cr. X 2 semesters = $75.00
Student Association Fee = $ .35/cr. X 15 cr. X 2 semesters = $10.50
Student Life Fee = $5.74/cr. X 15 cr. X 2 semesters = $172.20
Technology Fee = $11.18/cr. X 15 cr. X 2 semesters = $335.40
Athletic Fee = $4.38/cr. X 15 cr. X 2 semesters = $111.65
Transcript/Grad Fee = $.67/cr. X 15 cr. X 2 semesters = $20.00

Health Services Fee = $2.00/cr. X 15 cr. X 2 semesters = $60.00

Total = $6208.45

Total tuition and fees per credit = $206.95

(a). Based on 15 credits per term for two terms.
(b). Based on an allowance of 65 miles per day, 3 days per week at .58 cents/mile.
(c). Includes costs for clothing, laundry, personal care, recreation, etc.
(d). Athletic fee is $4.38/credit with a cap of $55.82/term, $111.65/year.

(e). Transcript/Grad fee = $10/semester.
(f).  Students are not assessed this fee, but a fee is taken out when borrowing a student loan.

Loan fees are calculated as an average based on maximum borrowing possibilities.

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