Understanding Full Cost of Attendance Scholarships
If you donāt understand āfull cost of attendanceā scholarships, youāre not alone. These scholarships provide the extra monies many student-athletes and media members have been seeking to include in athletic scholarships for years. They bridge the gap between tuition, fees, room and board, and books and the āactualā cost of attending the school. The āPower 5ā conferences approved upping athletic scholarships to include āfull cost of attendanceā this past January and the new measures go into effect this fall.
I thought I understood full cost of attendance scholarships. The more I began to read about them, the more I began to realize I didnāt.
I thought these scholarships funded student-athletes with āwalk-aroundā money ā the couple hundred extra bucks a month for laundry, movies and pizza so student-athletes who donāt have the time to hold jobs can have a more regular college experience.
I thought the āfull cost of attendanceā figure would be largely the same across college athletics. Those schools located in the more expensive parts of our country to live ā New York, Los Angeles, San Francisco, Boston ā would provide more than those schools in the cheaper-to-live places ā rural South, Midwest ā but on balance, when factoring in cost of living disparities, theyād be equal.
Was I ever wrong.
The Chronicle of Higher Education examined the āfull cost of attendanceā figure at every āPower 5ā member school and the numbers are shocking, and contrary to common sense.
The University of Tennessee will provide its student-athletes with more āfull cost of attendanceā dollars ā $5,666 per year ā than any other school in the country. Am I supposed to believe the cost of attending UT in Knoxville is greater than the cost of attending USC in Los Angeles? Iāve been to Knoxville and Iāve been to Los Angeles; that makes no sense.
In fact, along with Tennessee, two of the other Top-4 schools when it comes to āfull cost of attendanceā dollars boggle the mind: Auburn ($5,586) and Mississippi State ($5,126). Common sense would tell me these schools should be at the bottom.
USC ($1,580) is actually near the bottom with Boston College ($1,400), two of the schools I figured would be at the top considering how expensive it is to live in those cities.
Before we go any further, I want to put aside the idea there may be any funny-business taking place with these numbers, where schools are trying to artificially inflate the figure in order to attract student-athletes. ā
Full cost of attendanceā has been defined by the U.S. Department of Education and calculated by every college and university in the country for decades. This figure is determined by a schoolās office of financial aid, not the athletic department.
What appears to me to allow for the great disparities, and conflicts of logic, is that
each school is allowed to calculate its own figure and that figure is open to the individual interpretation of each school. When āfull cost of attendanceā dollar figures are assigned to categories such as ātransportation,ā āclothing,ā āpersonal,ā āmiscellaneous,ā you can appreciate how much wiggle-room exists. The fact the Federal Government lists a āmiscellaneous expensesā category in its definition of ācost of attendanceā encourages me to believe these figures are pulled largely out of thin air.
Want more proof of that?
Why is full cost of attendance at UCLA ($2,595) almost $1,000 a year higher than it is at USC? Why is full cost of attendance at Auburn more than $2,000 more than it is at Alabama ($2,892)? How can full cost of attendance at Arkansas ($4,002) be almost $1,500 higher than it is at Stanford ($2,625)? How can full cost of attendance at Cal-Berkley ($3,552) be cheaper than Clemson ($3,608)?
Auburn University has a more detailed breakdown of how it calculates cost of attendance on its website and Iād image most colleges and universities offer a similar explanation if you went looking for it.
Auburnās executive director of student financial services was quoted recently as admitting to the difficulty of finding an accurate number.
One result of the āPower 5āsā adoption of full cost of attendance scholarships and the huge disparities between the numbers I can promise you is that the numbers will change. Many colleges and universities havenāt updated their figures in years and you can bet theyāll be encouraged to do so now by the athletic department. Thatās not cheating, by the way, thatās being smart. While the full cost of attendance numbers will change, they may not change dramatically as that figure impacts all students on campus, of which student-athletes are only a tiny fraction.
If you are interested in reading more about full cost of attendance scholarships, these are the two best articles Iāve found:
http://chronicle.com/article/At-Least-15-Athletics-Programs/229229/
http://chronicle.com/article/Fluctuations-in-Aid-Allowances/229487