Cost of Attendance

Omega Studios’ School creates student cost of attendance (COA) budgets for awarding financial aid.  Cost of attendance budgets include institutional charges such as tuition, registration fee, and books and non-institutional living allowance expenses such as room and board, miscellaneous personal expenses, and transportation. The items (allowable costs) included in the COA are dictated by federal regulation.

 

While the Cost of Attendance is usually a static item, certain considerations may be made on a case by case basis to adjust a student’s COA with supporting documentation. Again, federal regulation limits the types of changes that may be made to a COA calculation.

 

The cost of attendance is a student’s cost for the period for which the aid is intended.  At Omega, the loan period and associated cost of attendance is related to the number of clock hours in the student’s program.  The cost of attendance used for Pell Grants is always the full-year (900 clock hours) costs for a full-time student, and does not necessarily represent charges to Omega students if the program is less than 900 clock hours.

In general, a student’s cost of attendance is the sum of the following:

  • Tuition
  • Fees
  • Books and materials
  • Room and Board Allowance
  • Transportation Allowance
  • Miscellaneous Personal Expenses Allowance

 

Other cost of attendance allowances may be included at the school’s discretion and/or student request and eligibility, including dependent care, disability, etc.

 

Loan Cost of Attendance Budgets

The first page of the following cost of attendance budgets are for loan purposes only. The second page of cost of attendance budgets are for Pell purposes only.

The information on the following page shows the standard cost of attendance budgets for day students and evening students during the 2016-2017 award year for each program.  The weekly allowances for room, board/miscellaneous and transportation is provided in the last section on that page.

The Living Allowance amount included in each of the cost of attendance budgets is calculated by multiplying the total weekly allowance amount by the number of weeks (listed next to the Daytime and Evening headings) in the program.

Federal Pell Grant Cost of Attendance Budgets

The second page of cost of attendance budgets is for Federal Pell Grant purposes only.  The Pell cost of attendance budgets are always constructed for a fulltime student attending a full academic year.  For the AMP and AFT programs the charges and living allowances are greater than the actual amounts charged to students.

The cost of attendance budgets also include any federal Direct Loan fees assessed the individual student and parent PLUS borrower, if applicable, by the U.S. Department of Education.

For more information regarding the construction of student cost of attendance budgets please contact the Director of Financial Aid, Denise Konecny at (301) 230-9100 or financialaid@omegastudios.com.

 

 

Cost of Attendance – 2016-17 Direct Loan

 The Comprehensive Recording Industry Program (900 Hours)

  Daytime (52 Weeks) Evening (60 Weeks)
           At Home, with parents       At Home, with parents
No dependents All others No dependents All others
Tuition $33,399.00 33,399.00 33,399.00 33,399.00
Registration 25.00 25.00 25.00 25.00
Living Allowance 14,716.00 27,716.00 16,980.00 31,980.00
Books 594.41 594.41 594.41 594.41
Actual Loan Fees * * * *
  $48,734.41 $61,734.41 $50,998.41 $65,998.41

 

Audio for the Music Industry Program (750 Hours)                 

  Daytime (44 Weeks) Evening (52 Weeks)
           At Home, with parents       At Home, with parents
No dependents All others No dependents All others
Tuition $25,864.00 $25,864.00 $25,864.00 $25,864.00
Registration 25.00 25.00 25.00 25.00
Living Allowance 12,452.00 23,452.00 14,716.00 27,716.00
Books 406.84 406.84 406.84 406.84
Actual Loan Fees * * * *
  $38,747.84 $49,747.84 $41,011.84 $54,011.84

 

Audio for Film and Television Program (742 Hours)                               

  Daytime (52 Weeks) Evening (60 Weeks)
           At Home, with parents       At Home, with parents
No dependents All others No dependents All others
Tuition $30,010.00 $30,010.00 $30,010.00 $30,010.00
Registration 25.00 25.00 25.00 25.00
Living Allowance   17,716.00 27,716.00 16,980.00 31,980.00
Books 482.05 482.05 482.05 482.05
Actual Loan Fees * * * *
  $45,233.05 $58,233.05 $47,497.05 $62,497.05

Cost of Attendance – 2016-17 PELL  

Comprehensive Recording Industry Program (900 Hours)             

  Daytime (52 Weeks) Evening (60 Weeks)
           At Home, with parents       At Home, with parents
No dependents All others No dependents All others
Tuition $33,399.00 33,399.00 33,399.00 33,399.00
Registration 25.00 25.00 25.00 25.00
Living Allowance 14,716.00 27,716.00 16,980.00 31,980.00
Books 594.41 594.41 594.41 594.41
Actual Loan Fees * * * *
  $48,734.41 $61,734.41 $50,998.41 $65,998.41

 

Audio for the Music Industry Program (750 Hours)                           

  Daytime (44 Weeks) Evening (52 Weeks)
           At Home, with parents       At Home, with parents
No dependents All others No dependents All others
Tuition $25,864.00 $25,864.00 $25,864.00 $25,864.00
Registration 25.00 25.00 25.00 25.00
Living Allowance 12,452.00 23,452.00 14,716.00 27,716.00
Books 406.84 406.84 406.84 406.84
Actual Loan Fees * * * *
  $38,747.84 $49,747.84 $41,011.84 $54,011.84

 

Audio for Film and Television Program (742 Hours)                       

  Daytime (52 Weeks) Evening (60 Weeks)
           At Home, with parents       At Home, with parents
No dependents All others No dependents All others
Tuition $30,010.00 $30,010.00 $30,010.00 $30,010.00
Registration 25.00 25.00 25.00 25.00
Living Allowance   17,716.00 27,716.00 16,980.00 31,980.00
Books 482.05 482.05 482.05 482.05
Actual Loan Fees * * * *
  $45,233.05 $58,233.05 $47,497.05 $62,497.05

 

Weekly Allowances for both DL and Pell COA

At home, with parents,

no dependents                   All Others

Room                                                         $200.00                         $400.00

Board/Misc.                                               50.00                             100.00

Transportation                                          33.00                                33.00

$283.00                         $533.00

 

*Loan fees are fixed, vary from year to year, and are based on the loan amount as of the first disbursement between July 1st and June 30th of each year.

 

You can find the Program Disclosures for each of our Career Programs by clicking the links below.

AMP Program Disclosures Day

AMP Program Disclosures Evening

AFT Program Disclosures Day

AFT Program Disclosures Evening

COMP Program Disclosures Day

COMP Program Disclosures Evening

 

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