83-700 BOT 06-28-07, 07-10-11, 12-22-12 STUDENT EXPENSE BUDGET AND STANDARD EXPENSES Student Expense Budget A student expense budget is defined as the direct education costs and indirect educational costs related to attendance at Oglala Lakota College during a specified period, which is usually a 9-month period. As a guide to equitable consideration of all Oglala Lakota College students, the student’s expense budget has been established. The Financial Aid Director will review the area demographics for the cost of living to determine if there is a need for an increase in our Cost of Attendance. The costs suggested are considered standard and are allowed in the student expense budget, than those exceptions noted. The amounts specified can be exceeded only with acceptable documentation. Standard Expenses 1. Direct Educational Costs A. Tuition: Allow $80 per credit hour, per pupil funded students and $98 per credit hour, non-per-pupil students. B. Fees: Allow $50(full time – 12 or more credit hours) Allow $40(3/4 time - 9 – 11 credit hours) Allow $30(1/2 time - 6 - 8 credit hours) Allow $20(1/2> time – 5 credit hours or less) *REGISTRATION FEE: Allow $40.00 per semester. C. Books and supplies: Allow 1,200 per academic year. D. Special Class Supplies: Limited to specific courses of study. 1. Nursing – Allow nursing students (accepted into program) up to an amount allowable to pay for uniforms, caps, shoes, pin, ect., one time only. *YEARLY BUDGET IS TO BE SUBMITTED BY DIRCTOR OF NURSING. 2. Lab, Business Machines, Technology fee, ect. *Allow $15.00 per semester, charge only if course requires it. 2. Standard Indirect Educational Costs A. Rent, including utilities; B. Food, Household Supplies; C. Personal Expenses; D. Transportation; E. Child Care.
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