M.D. Student Cost of Attendance

2022-2023 Florida Atlantic University College of Medicine
Estimated Cost of Attendance Budgets

Students’ Cost of Attendance (COA) budgets are developed each academic year by the Office of Medical Student Financial Aid.  They include Tuition and Fees (as approved by FAU’s governing boards); an allowance for books and supplies; and a cost of living allowance for Room and Board, Transportation, and Personal Expenses (see definitions, below).  COA’s are estimated during the early awarding process and are subject to change once FAU’s governing boards finalize each year’s tuition and fee charges.

The COA, in conjunction with the students’ Expected Family Contribution (EFC) from their FAFSA’s, is used to both calculate financial aid eligibility and to give students an estimate of reasonable costs to attend the Charles E. Schmidt College of Medicine.

The standard student budgets, shown below, are based on the average expenses of a single student who shares expenses for a two bedroom apartment. Costs for students’ spouses and/or children are not included in the standard budget; those expenses are accounted for in the FAFSA’s need analysis formula, which calculates the EFC.

Tuition and Fees
Tuition and fees are charged at a fixed annual rate.  Half of the tuition and fees are billed at the beginning of the academic year, and the other half are billed at the mid-point of the academic year. See “Important Dates”.
Books and Supplies
Books and supplies consist of required textbooks and diagnostic instruments, to include a stethoscope and reflex hammer, a lab coat in the M1 year, and miscellaneous supplies.  This allowance is estimated based on a survey of costs.
Room and Board
The off-campus housing allowance assumes shared occupancy of rental units in the surrounding community, and will be used in the standard Cost of Attendance budgets. The board (food) allowance assumes a combination of groceries and prepared meals for cooking at home.  Students who live with parents will not have a room allowance, but will have a reduced board allowance.
Transportation
The transportation allowance is an estimated cost for routine car maintenance, gas, and insurance. This allowance is increased when students are enrolled in their M3 and M4 years, as daily travel is required to hospitals both in and outside the local area. Students living on-campus during the M1 and M2 years have a reduced transportation allowance.
Personal Expenses
A personal allowance is calculated for expenses such as: cell phone, clothing, uniforms, haircuts, laundry, cleaning supplies, membership dues, journal subscriptions, registrations, dental visits, entertainment, etc. It also includes an allowance for the required Health, Disability and Professional Liability Insurances, as well as USMLE exam fees for M2 and M3 students.
Tuition and Fees are established by the FL State Legislature, FL Board of Governors, and the FAU Board of Trustees, and are subject to change.

2022-2023 Florida Residents

M1 - First Year Medical Students
  On-Campus Off- Campus With Parents
Tuition & University Fees $31,830 $31,830 $31,830
Loan Fee Allowance $376 $376 $376
Books and Supplies $366 $366 $366
Room & Board Allowance $15,768 $16,682 $3,606
Transportation & Misc. Allowance $8,030 $9,664 $9,664
Total $56,370 $58,918 $45,842
M2 - Second Year Medical Students
  On-Campus Off- Campus With Parents
Tuition & University Fees $31,788 $31,788 $31,788
Loan Fee Allowance $404 $404 $404
Books and Supplies $24 $24 $24
Room & Board Allowance $15,286 $15,012 $3,246
Transportation & Misc. Allowance $8,090 $9,560 $9,560
Total $55,592 $56,788 $45,022
M3 - Third Year Medical Students
  On-Campus Off- Campus With Parents
Tuition & University Fees $31,820 $31,820 $31,820
Loan Fee Allowance $454 $454 $454
Books and Supplies $868 $868 $868
Room & Board Allowance $19,980 $20,018 $4,328
Transportation & Misc. Allowance $12,770 $12,770 $12,770
Total $65,892 $65,930 $50,240
M4 - Fourth Year Medical Students
  On-Campus Off- Campus With Parents
Tuition & University Fees $31,820 $31,820 $31,820
Loan Fee Allowance $460 $460 $460
Books and Supplies $0 $0 $0
Room & Board Allowance $19,980 $20,018 $4,328
Transportation & Misc. Allowance $11,130 $11,130 $11,130
Total $63,390 $63,428 $47,738

2022-2023 Non-Florida Residents

M1 - First Year Medical Students
  On-Campus Off-Campus With Parents
Tuition & University Fees $67,972 $67,972 $67,972
Loan Fee Allowance $376 $376 $376
Books and Supplies $366 $366 $366
Room & Board Allowance $15,768 $16,682 $3,606
Transportation & Misc. Allowance $8,030 $9,664 $9,664
Total $92,512 $95,060 $81,984
M2 - Second Year Medical Students
  On-Campus Off-Campus With Parents
Tuition & University Fees $67,930 $67,930 $67,930
Loan Fee Allowance $404 $404 $404
Books and Supplies $24 $24 $24
Room & Board Allowance $15,286 $15,012 $3,246
Transportation & Misc. Allowance $8,090 $9,560 $9,560
Total $91,734 $92,930 $81,164
M3 - Third Year Medical Students
  On-Campus Off-Campus With Parents
Tuition & University Fees $67,962 $67,962 $67,962
Loan Fee Allowance $454 $454 $454
Books and Supplies $868 $868 $868
Room & Board Allowance $19,980 $20,018 $4,328
Transportation & Misc. Allowance $12,770 $12,770 $12,770
Total $102,034 $102,072 $86,382
M4 - Fourth Year Medical Students
  On-Campus Off-Campus With Parents
Tuition & University Fees $67,962 $67,962 $67,962
Loan Fee Allowance $460 $460 $460
Books and Supplies $0 $0 $0
Room & Board Allowance $19,980 $20,018 $4,328
Transportation & Misc. Allowance $11,130 $11,130 $11,130
Total $99,532 $99,570 $83,880

2023-2024 Florida Atlantic University College of Medicine
Estimated Cost of Attendance Budgets

Students’ Cost of Attendance (COA) budgets are developed each academic year by the Office of Medical Student Financial Aid. They include Tuition and Fees (as approved by FAU’s governing boards); an allowance for books and supplies; and a cost of living allowance for housing and food, Transportation, and Personal Expenses (see definitions, below). COA’s are estimated during the early awarding process and are subject to change once FAU’s governing boards finalize each year’s tuition and fee charges.

The COA, in conjunction with the students’ Student Aid Index (SAI) from their FAFSA’s, is used to both calculate financial aid eligibility and to give students an estimate of reasonable costs to attend the Charles E. Schmidt College of Medicine.

The standard student budgets, shown below, are based on the average expenses of a single student who shares expenses for a two-bedroom apartment. Costs for students’ spouses and/or children are not included in the standard budget; those expenses are accounted for in the FAFSA’s need analysis formula, which calculates the SAI.

Tuition and Fees

Tuition and fees are charged at a fixed annual rate. Half of the tuition and fees are billed at the beginning of the first semester, and half are billed at the start of the second semester. See “Important Dates”.

Federal Student Loan Origination Fees are added as an additional allowance for students who borrow through the Federal Loan Programs, and incur those costs. 

Books and Supplies
Books and supplies consist of required textbooks and diagnostic instruments, to include a stethoscope and reflex hammer, a lab coat in the M1 year, and miscellaneous supplies. This allowance is estimated based on an annual survey of costs.
Housing

Off-campus Housing estimates are based on an average of rates obtained in an annual survey of local apartment complexes. An allowance for utilities (power, water, cable, internet, phone) is included in the estimate. Estimates are based on double occupancy.

On-campus Housing rates are calculated at the Innovation Village Apartment cost per semester for a 2 Bed/ 2 bath apartment. See current on campus housing costs. All medical students who choose to live on campus are housed in the Innovation Village Apartments. 

With Parents Housing estimates include an allowance for housing expenses (household operations, supplies, furnishings and equipment) and utilities (power, water, cable, internet, phone).

Food

Off-Campus and On-Campus Food estimates are based on the Cost of Food at Home data published by the United States Department of Agriculture, adjusted for the regional Cost of Living Index and inflation.

With Parents Food estimates are based on the Cost of Food at Home data published by the United States Department of Agriculture, adjusted for the regional Cost of Living Index and inflation.

Transportation

The transportation allowance is an estimated cost for routine car maintenance, gas, and insurance.

M1 & M2 Students:

On-campus transportation is calculated as a prorated portion of the off-campus calculation to reflect reduced variable costs

Off-campus Transportation Fee estimates are based on the monthly vehicle operating costs for the Dade and Broward county region as listed in the IRS Local Transportation Standards publication.

M3 & M4 Students:

As daily travel is required to hospitals both in and outside the local area, an average distance to and from the FAU Schmidt College of Medicine is calculated for the year. This average is multiplied by the current IRS mileage rate to determine transportation cost for the year. 

Personal Expenses
Personal Expense estimates are based on U.S. Bureau of Labor Statistics Consumer Expenditure data for the Miami Area, adjusted for inflation. A personal allowance is calculated for expenses such as: cell phone, clothing, haircuts, laundry, cleaning supplies, dental visits, etc. It also includes an allowance for the required Health, Disability and Professional Liability Insurances, as well as USMLE exam fees for M2 and M3 students.
Tuition and Fees are established by the FL State Legislature, FL Board of Governors, and the FAU Board of Trustees, and are subject to change.

2023-2024 Florida Residents

M1 - First Year Medical Students
  On-Campus Off- Campus With Parents
Tuition * $28,112 * $28,112 * $28,112
Fees (University) * $3,718 * $3,718 * $3,718
Federal Student Loan Fees $370 $370 $370
Books, Course Materials, Supplies and Equipment $674 $674 $674
Living Expenses - Housing * $10,960 $15,104 $2,010
Living Expenses - Food $6,570 $6,570 $5,476
Transportation $3,048 $4,456 $4,456
Miscellaneous Personal Expenses $5,764 $5,764 $5,764
ESTIMATED DIRECT COSTS: Payable To FAU And Reflected On Student's Bill (* Items) $42,790 $31,830 $31,830
Estimated Indirect cost $16,426 $32,938 $18,750
Total $59,216 $64,768 $50,580
M2 - Second Year Medical Students
  On-Campus Off- Campus With Parents
Tuition * $28,112 * $28,112 * $28,112
Fees (University) $3,676 $3,676 $3,676
Federal Student Loan Fees $386 $386 $386
Books, Course Materials, Supplies and Equipment $196 $196 $196
Living Expenses- Housing * $10,960 $15,104 $2,010
Living Expenses- Food $6,570 $6,570 $5,476
Transportation $3,048 $4,456 $4,456
Miscellaneous Personal Expenses $6,542 $6,542 $6,542
ESTIMATED DIRECT COSTS: Payable To FAU And Reflected On Student's Bill (* Items) $42,748 $31,788 $31,788
Estimated Indirect cost $16,742 $33,254 $19,066
Total $59,490 $65,042 $50,854
M3 - Third Year Medical Students
  On-Campus Off- Campus With Parents
Tuition * $28,112 * $28,112 * $28,112
Fees (University) * $3,708 * $3,708 * $3,708
Federal Student Loan Fees $464 $464 $464
Books, Course Materials, Supplies and Equipment $1,094 $1,094 $1,094
Living Expenses- Housing * $14,210 $18,124 $2,414
Living Expenses- Food $7,884 $7,884 $6,570
Transportation $5,228 $5,228 $5,228
Miscellaneous Personal Expenses $7,500 $7,500 $7,500
ESTIMATED DIRECT COSTS: Payable To FAU And Reflected On Student's Bill (* Items) $46,030 $31,820 $31,820
Estimated Indirect cost $22,170 $40,294 $23,270
Total $68,200 $72,114 $55,090
M4 - Fourth Year Medical Students
  On-Campus Off- Campus With Parents
Tuition * $28,112 * $28,112 * $28,112
Fees (University) * $3,708 * $3,708 * $3,708
Federal Student Loan Fees $458 $458 $458
Books, Course Materials, Supplies and Equipment $48 $48 $48
Living Expenses- Housing * $14,210 $18,124 $2,414
Living Expenses- Food $7,884 $7,884 $6,570
Transportation $5,834 $5,834 $5,834
Miscellaneous Personal Expenses $6,704 $6,704 $6,704
ESTIMATED DIRECT COSTS: Payable To FAU And Reflected On Student's Bill (* Items) $46,030 $31,820 $31,820
Estimated Indirect cost $20,928 $39,052 $22,028
Total $66,958 $70,872 $53,848

2023-2024 Non-Florida Residents

M1 - First Year Medical Students
  On-Campus Off- Campus With Parents
Tuition * $62,532 * $62,532 * $62,532
Fees (University) * $5,440 * $5,440 * $5,440
Federal Student Loan Fees  $370 $370 $370
Books, Course Materials, Supplies and Equipment $674 $674 $674
Living Expenses- Housing * $10,960 $15,104 $2,010
Living Expenses- Food  $6,570 $6,570 $5,476
Transportation  $3,048 $4,456 $4,456
Miscellaneous Personal Expenses  $5,764 $5,764 $5,764
ESTIMATED DIRECT COSTS: Payable To FAU And Reflected On Student's Bill (* Items) $78,932 $67,972 $67,972
Estimated Indirect cost  $16,426 $32,938 $18,750
Total $95,358 $100,910 $86,722
M2 - Second Year Medical Students
  On-Campus Off- Campus With Parents
Tuition * $62,532 * $62,532 * $62,532
Fees (University) * $5,398 * $5,398 * $5,398
Federal Student Loan Fees  $386 $386 $386
Books, Course Materials, Supplies and Equipment $196 $196 $196
Living Expenses- Housing * $10,960 $15,104 $2,010
Living Expenses- Food  $6,570 $6,570 $5,476
Transportation  $3,048 $4,456 $4,456
Miscellaneous Personal Expenses  $6,542 $6,542 $6,542
ESTIMATED DIRECT COSTS: Payable To FAU And Reflected On Student's Bill (* Items) $78,890 $67,930 $67,930
Estimated Indirect cost  $16,742 $33,254 $19,066
Total $95,632 $101,184 $86,996
M3 - Third Year Medical Students
  On-Campus Off- Campus With Parents
Tuition * $62,532 * $62,532 * $62,532
Fees (University) * $5,430 * $5,430 * $5,430
Federal Student Loan Fees  $464 $464 $464
Books, Course Materials, Supplies and Equipment $1,094 $1,094 $1,094
Living Expenses- Housing * $14,210 $18,124 $2,414
Living Expenses- Food  $7,884 $7,884 $6,570
Transportation  $5,228 $5,228 $5,228
Miscellaneous Personal Expenses  $7,500 $7,500 $7,500
ESTIMATED DIRECT COSTS: Payable To FAU And Reflected On Student's Bill (* Items) $82,172 $67,962 $67,962
Estimated Indirect cost  $22,170 $40,294 $23,270
Total $104,342 $108,256 $91,232
M4 - Fourth Year Medical Students
  On-Campus Off- Campus With Parents
Tuition * $62,532 * $62,532 * $62,532
Fees (University) * $5,430 * $5,430 * $5,430
Federal Student Loan Fees  $458 $458 $458
Books, Course Materials, Supplies and Equipment $48 $48 $48
Living Expenses- Housing * $14,210 $18,124 $2,414
Living Expenses- Food  $7,884 $7,884 $6,570
Transportation  $5,834 $5,834 $5,834
Miscellaneous Personal Expenses  $6,704 $6,704 $6,704
ESTIMATED DIRECT COSTS: Payable To FAU And Reflected On Student's Bill (* Items) $82,172 $67,962 $67,962
Estimated Indirect cost  $20,928 $39,052 $22,028
Total $103,100 $107,014 $89,990

Additional Information
The Charles E. Schmidt College of Medicine offers students a variety of educational programs and degrees.
Address
Charles E. Schmidt College of Medicine
Florida Atlantic University
777 Glades Road, BC-71
Boca Raton, FL 33431
(561) 297-4828