University at Buffalo The State University of New York SUNY Smart Track™ Empowered Financial Aid Planning Award Letter ESTIMATED COST OF ATTENDANCE IN THE 2019-2020 ACADEMIC YEAR (Subject to legislative changes) Costs* Tuition and fees. Housing and meals. Books and supplies.. Transportation. Other educational costs. *Costs can vary based on your individual situation Estimated Total Cost of Attendance COLLEGE OVERVIEW Direct Costs $10182 $14136 Indirect Costs GRADUATION RATE $1202 Percentage of full-time students who graduate within 6 years $1300 $1506 GRANTS AND SCHOLARSHIPS OFFERED - ESTIMATED GIFT AID (Aid is subject to change based upon verification, enrollment confirmation, and legislative changes) 74.4% $28326 LOW MEDIUM HIGH REPAYMENT RATE Percentage of borrowers entering into repayment within 3 years of leaving school Fall Spring Total TAP Estimate. $250 $250 $500 SUNY Tuition Credit Estimate. $88.5 $88.5 $177 68.4% Excelsior Scholarship Estimate. $2750 $2750 $5500 46.2% Excelsior Tuition Credit Estimate. $146 $146 $292 Total Grants and Scholarships (No repayment required) $6469 ESTIMATED REMAINING COST AFTER GRANTS AND SCHOLARSHIPS (Cost of attendance minus total grants and scholarships) Net Cost OPTIONS TO PAY NET COST - LOANS OFFERED Federal Direct Subsidized Loan.. Federal Direct Unsubsidized Loan.. NOTE: You can borrow less than the loan amount offered Total Loans (Repayment required) $21857 Fall Spring Total $1750 $1750 $3500 $1000 $1000 $2000 OPTIONS TO PAY NET COST - FEDERAL WORK-STUDY (FWS) STUDENT AND FAMILY OPTIONS Calculated Expected Family Contribution (EFC) from FAFSA $8689 • Private payment plan offered by the college • Military and/or National Service Benefits • Federal Direct PLUS/Parent loan • Private education loans. $5500 University at Buffalo National Average MEDIAN BORROWING Students at University at Buffalo typically borrow $19,500 in Federal loans for their undergraduate study. The Federal loan payment over 10 years for this amount is approximately $207 per month. Your borrowing may be different. REPAYING YOUR LOANS To learn more about loan repayment choices and work out your Federal Loan monthly payment, go to: http://studentaid.ed.gov/repay- loans/understand/plans FOR MORE INFORMATION: University at Buffalo Financial Aid at 1Capen 1 Capen Hall, Phone: 716-645-8232 Email: UBFA@buffalo.edu The financial aid awards and cost of attendance figures presented on this award letter are estimates. To gain or retain eligibility for the awards listed, you must complete all applications and satisfy all eligibility requirements as listed by the organization offering the award. Your financial aid award package may change based upon your actual academic status including enrollment level and academic progress. Visit the Financial Aid Office website at financialaid.buffalo.edu for more information. Award Notification Date: 3/7/2019

Management, Loose-Leaf Version
13th Edition
ISBN:9781305969308
Author:Richard L. Daft
Publisher:Richard L. Daft
Chapter8: Strategy Formulation And Execution
Section: Chapter Questions
Problem 3CFCA
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  1.  Use the award letter to calculate the expected semester bill.
  2. Calculate (or locate) the actual semester bill. How far off are they?
  3. What's causing the numbers to be different?
  4. What (if anything) would you do to address this problem?
University at Buffalo
The State University of New York
SUNY Smart Track™
Empowered Financial Aid Planning
Award Letter
ESTIMATED COST OF ATTENDANCE IN THE 2019-2020 ACADEMIC YEAR
(Subject to legislative changes)
Costs*
Tuition and fees.
Housing and meals.
Books and supplies..
Transportation.
Other educational costs.
*Costs can vary based on your individual situation
Estimated Total Cost of Attendance
COLLEGE OVERVIEW
Direct Costs
$10182
$14136
Indirect Costs
GRADUATION RATE
$1202
Percentage of full-time students who
graduate within 6 years
$1300
$1506
GRANTS AND SCHOLARSHIPS OFFERED - ESTIMATED GIFT AID
(Aid is subject to change based upon verification, enrollment confirmation, and legislative changes)
74.4%
$28326
LOW
MEDIUM
HIGH
REPAYMENT RATE
Percentage of borrowers entering into
repayment within 3 years of leaving school
Fall
Spring
Total
TAP Estimate.
$250
$250
$500
SUNY Tuition Credit Estimate.
$88.5
$88.5
$177
68.4%
Excelsior Scholarship Estimate.
$2750
$2750
$5500
46.2%
Excelsior Tuition Credit Estimate.
$146
$146
$292
Total Grants and Scholarships (No repayment required)
$6469
ESTIMATED REMAINING COST AFTER GRANTS AND SCHOLARSHIPS
(Cost of attendance minus total grants and scholarships)
Net Cost
OPTIONS TO PAY NET COST - LOANS OFFERED
Federal Direct Subsidized Loan..
Federal Direct Unsubsidized Loan..
NOTE: You can borrow less than the loan amount offered
Total Loans (Repayment required)
$21857
Fall
Spring
Total
$1750
$1750
$3500
$1000
$1000
$2000
OPTIONS TO PAY NET COST - FEDERAL WORK-STUDY (FWS)
STUDENT AND FAMILY OPTIONS
Calculated Expected Family Contribution (EFC) from FAFSA $8689
• Private payment plan offered by the college
• Military and/or National Service Benefits
• Federal Direct PLUS/Parent loan
• Private education loans.
$5500
University at Buffalo National Average
MEDIAN BORROWING
Students at University at Buffalo typically
borrow $19,500 in Federal loans for their
undergraduate study.
The Federal loan payment over 10 years
for this amount is approximately $207 per
month.
Your borrowing may be different.
REPAYING YOUR LOANS
To learn more about loan repayment
choices and work out your Federal Loan
monthly payment, go to:
http://studentaid.ed.gov/repay-
loans/understand/plans
FOR MORE INFORMATION:
University at Buffalo
Financial Aid at 1Capen
1 Capen Hall,
Phone: 716-645-8232
Email: UBFA@buffalo.edu
The financial aid awards and cost of attendance figures presented on this award letter are estimates. To gain or retain eligibility for the awards
listed, you must complete all applications and satisfy all eligibility requirements as listed by the organization offering the award. Your financial aid award
package may change based upon your actual academic status including enrollment level and academic progress. Visit the Financial Aid Office website
at financialaid.buffalo.edu for more information.
Award Notification Date: 3/7/2019
Transcribed Image Text:University at Buffalo The State University of New York SUNY Smart Track™ Empowered Financial Aid Planning Award Letter ESTIMATED COST OF ATTENDANCE IN THE 2019-2020 ACADEMIC YEAR (Subject to legislative changes) Costs* Tuition and fees. Housing and meals. Books and supplies.. Transportation. Other educational costs. *Costs can vary based on your individual situation Estimated Total Cost of Attendance COLLEGE OVERVIEW Direct Costs $10182 $14136 Indirect Costs GRADUATION RATE $1202 Percentage of full-time students who graduate within 6 years $1300 $1506 GRANTS AND SCHOLARSHIPS OFFERED - ESTIMATED GIFT AID (Aid is subject to change based upon verification, enrollment confirmation, and legislative changes) 74.4% $28326 LOW MEDIUM HIGH REPAYMENT RATE Percentage of borrowers entering into repayment within 3 years of leaving school Fall Spring Total TAP Estimate. $250 $250 $500 SUNY Tuition Credit Estimate. $88.5 $88.5 $177 68.4% Excelsior Scholarship Estimate. $2750 $2750 $5500 46.2% Excelsior Tuition Credit Estimate. $146 $146 $292 Total Grants and Scholarships (No repayment required) $6469 ESTIMATED REMAINING COST AFTER GRANTS AND SCHOLARSHIPS (Cost of attendance minus total grants and scholarships) Net Cost OPTIONS TO PAY NET COST - LOANS OFFERED Federal Direct Subsidized Loan.. Federal Direct Unsubsidized Loan.. NOTE: You can borrow less than the loan amount offered Total Loans (Repayment required) $21857 Fall Spring Total $1750 $1750 $3500 $1000 $1000 $2000 OPTIONS TO PAY NET COST - FEDERAL WORK-STUDY (FWS) STUDENT AND FAMILY OPTIONS Calculated Expected Family Contribution (EFC) from FAFSA $8689 • Private payment plan offered by the college • Military and/or National Service Benefits • Federal Direct PLUS/Parent loan • Private education loans. $5500 University at Buffalo National Average MEDIAN BORROWING Students at University at Buffalo typically borrow $19,500 in Federal loans for their undergraduate study. The Federal loan payment over 10 years for this amount is approximately $207 per month. Your borrowing may be different. REPAYING YOUR LOANS To learn more about loan repayment choices and work out your Federal Loan monthly payment, go to: http://studentaid.ed.gov/repay- loans/understand/plans FOR MORE INFORMATION: University at Buffalo Financial Aid at 1Capen 1 Capen Hall, Phone: 716-645-8232 Email: UBFA@buffalo.edu The financial aid awards and cost of attendance figures presented on this award letter are estimates. To gain or retain eligibility for the awards listed, you must complete all applications and satisfy all eligibility requirements as listed by the organization offering the award. Your financial aid award package may change based upon your actual academic status including enrollment level and academic progress. Visit the Financial Aid Office website at financialaid.buffalo.edu for more information. Award Notification Date: 3/7/2019
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