M.D. Student Cost of Attendance

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.

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

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.

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

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 - Second 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
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