Innovation Academy Cost of Attendance

Average for 2014-15

* Tuition/fee figures are projected estimates for 2014-15 for incoming IA freshmen and transfer students entering UF for the first time. Tuition/fees for continuing students may be lower. Out-of-state undergraduates should add $22,278 to projected tuition/fees.
Undergrad On Campus Undergrad Off Campus Undergrad Living at Home
*Tuition / Fees $6,630 $6,630 $6,630
Books and Supplies 1,290 1,290 1,290
Computer/Cell Phone 1,000 1,000 1,000
Housing 4,270 4,270 ———
Food 3,655 3,655 905
Transportation 920 920 920
Clothing Maintenance 585 585 585
Personal 205 205 205
Total Budget $18,555 $18,555 $11,535

Average for 2013-14

* Tuition/fee figures are projected estimates for 2013-14 for incoming IA freshmen and transfer students entering UF for the first time. Tuition/fees for continuing students may be lower. Out-of-state undergraduates should add $22,278 to projected tuition/fees.
Undergrad On Campus Undergrad Off Campus Undergrad Living at Home
*Tuition / Fees $6,271 $6,271 $6,271
Books and Supplies 1,080 1,080 1,080
Computer/Cell Phone 1,020 1,020 1,020
Housing 4,185 4,185 ———
Food 3,655 3,655 985
Transportation 925 925 925
Clothing Maintenance 585 585 585
Personal 205 205 205
Total Budget $17,926 $17,926 $11,071

About Cost of Attendance

The cost of attendance is also known as a student’s budget. IA student budgets will consist of costs associated with both the Spring and Summer terms. Student budgets can only include costs of attendance for the individual student. Additional living allowances for married students or students with children are not included. A standard child care allowance, however, may be included — depending on the ages of the student’s children.

Students who wish to pursue Study Abroad programs or attend another university during the Fall semester are strongly encouraged to speak with a financial aid advisor to discuss their financial aid options. Remember, receiving financial aid funding (i.e. Federal Pell Grant, Stafford Loans, Florida Bright Futures) during the Fall semester can make you ineligible to receive those funds during the Summer semester of your IA academic year.

Following is a brief description of how these budgets are derived. Budgets are based on a two-semester academic year and vary according to academic classification and residency status:

  1. Tuition/Fees
    Fees for undergraduate students are based on an average of 30 credit hours of 0-4999 level courses. Graduate tuition fees are based on 24 class hours from 5000-9999. Graduate students in dentistry, medicine, veterinary medicine, and professional MBA programs pay block fees.
  2. Books and Supplies
    Costs are determined by averaging the total cost of books and supplies for a four-year accounting curriculum at the Campus Shop and Bookstore (with 25% of books purchased used at 75% of new book price, and assuming resale of 50% of texts at 50% of cost).
  3. Computer/Cell Phone Costs
    Computer costs built into student budgets are “annualized.” This means the figure is derived from one year’s monthly costs for purchase or lease of equipment (including printer) and annual software purchases/upgrades. These costs are figured over a four-year period.
  4. Housing and Meals
    Housing costs for undergraduate students living on campus reflect the average of the following costs: average on-campus, air-conditioned double rooms with refrigerator and utilities and the average of rates quoted by local apartments with allowances for utilities. On-campus graduates costs are based on an average of rents for available graduate housing. Off-campus costs are based on an average of rates quoted by local apartments by phone survey (allowances are included for phone service and utilities). Food costs are based on Gator Dining’s Open Access 7 Day Meal Plan for on- or off-campus students and/or the Commuter 60 Block meal plan for students living at home.
  5. Transportation
    On- and off-campus transportation costs allow for four round-trips to Miami per two semesters.
  6. Personal
    The personal budget is based on the U.S. Department of Labor’s established personal costs, including laundry, toiletries, and minor miscellaneous expenses.
  7. Clothing Maintenance
    The budget for clothing maintenance is based on the U.S. Department of Labor’s established clothing maintenance costs.

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