SFA Budgets and SEOG Grids

The SFA budgets are reviewed annually in July and reflect an academic year at Platt College which is equivalent to 9 months. Because of the nature of the program offered at Platt College, the Financial Aid department uses one budget based on the cost of living in comparison in metro Denver.

The financial aid department conducts a student need analysis estimating the amount of assistance a student will require after accounting for the expected resources available from that student and his or her family. The need analysis has two basic components: (1) the student’s cost of attendance (COA), which is a reasonable estimate of what it will cost the student to attend Platt College for 36-months; and (2) an estimate of the expected family contribution (EFC), which is calculated by a federally-approved formula that accounts for income, assets, number of family members attending college, and other information. The difference between the COA and the EFC determines the eligible amount of need-based financial aid an eligible student will be awarded.

The following table shows the Student Budget Base for FY 2018-2019 for Student Living at Home, and Students Living off Campus. The student monthly budget base includes monthly costs typically incurred by all students. The table is based on the Colorado Commission of Higher Education’s (CCHE) FY 2018-2019 Student Budget Parameters available on line at https://highered.colorado.gov/Finance/FinancialAid/Policy/2018-19-Student-Budget-Parameters.pdf

(These amounts are subject to change and may vary from student to student depending on academic progression.)

Table 1: Student Monthly Budget Base FY 2018-2019
	Students Living at Home	Students Away from Home
Housing	225.00	852.00
Food	274.00	431.00
Local Transportation	185.00	185.00
Personal Expenses	134.00	151.00
Total	811.00	1,484.00

Table 2: Supplemental Student Budget Expenses for FY 2018-2019

Books, Kits, ATI Bundles, and Supplies per Academic Years 1-4 Each Academic Year is Based on 9 months)

AY 1 = 2,715.00
AY 2 = 2005.00
AY 3 = 1,520.00
AY 4 = 1,437.00 (includes fee for NSG 1 or 2 qtr credit hr courses that may be taken during any point of the curriculum).

Program Total = 7,677.00

Computer Allowance, scrubs, and other out of pocket expenses

(1) TEAS Examination at $55.00 paid directly to vendor, (2) Background Check and Drug Screen starts at $90.00 paid directly to vendor, (3) Platt College cranberry scrubs with insignia approximately $175.00 paid directly to vendor, (4) My Clinical Exchange Subscription one time payment of $36.50 paid directly to vendor, (5) Complio one time payment of $58.00 paid directly to vendor, and (6) Laptop Computer either PC or MAC that meets program requirements approximately at $1,000 paid directly to vendor of choice.

Program Total = 1,414.50

IT Fees and Clinical Placement Fees

Program Total = 5,420.00

Tuition, fees, lab, supplies, estimated books, liability insurance and additional fees as stated on the enrollment agreement. Other: loan fees at current rate = $200.00 estimated. Computer/software, scrubs, and other out of pocket expenses = and estimated $1,500.00 per year.

Created into formal policies: June 6, 2014, Revised June 9, 2015 to reflect updated years and EFC update, Revised June 29, 2018 to reflect 2018-2019 year

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