Oakland University William Beaumont School of Medicine
About
Admissions
Students
Curriculum
Faculty
Library
Technology
Giving
Beaumont Health
Cost of Attendance
OUWB M1 Year

OUWB Cost of Attendance

How your Cost of Attendance is Determined


The Cost of Attendance is developed in accordance with federal regulations, using average expenses that a student might incur. It is the budget that the school will use to determine the maximum amount of financial assistance that a student may receive from all sources during a specific enrollment period.

The tuition component includes an OUWB portable computing device, health and disability insurance and recreation center membership.

Financial Assistance may only be used to pay for reasonable educational expenses of the student. The funds are not to be used to pay for the expenses of other family members or dependents.

If a student’s expenses exceed the school budget, the student must find resources independent of federal and institutional aid, such as help from family, friends or income earned from work, to cover those costs.

Graduate Plus Loan fees are approximated based upon the difference between the cost of attendance and the annual direct loan limit.

Federal Loan Facts


Federal Direct Unsubsidized loans

  • 5.41% fixed interest rate for loans disbursed on or after July 1, 2013 through June 30, 2014.
  • 1.072 % loan origination fee (effects loans disbursed on or after December 1, 2013).
  • Combined aggregate limit is $224,000 (includes all Federal FFEL and Direct student loans previously borrowed).
  • Interest begins accruing from time of loan disbursement.
  • Annual borrowing limit ranges between $42,722 and $47,166 dependent upon length of enrollment and previous borrowing history. 


Federal Graduate Plus loan

  • 6.41% interest rate for loans disbursed on our after July 1, 2013 through June 30, 2014.
  • 4.288% origination fee (effects loans disbursed on our after December, 2013). 
  • Interest begins accruing at time of disbursement. 
  • Must not have an adverse credit history as defined by the Department of Education. 
  • Annual limit is the difference between the cost of attendance, minus all other aid. 
  • No aggregate or total borrowing limit. 


2013-2014 Oakland University William Beaumont School of Medicine

Estimated Cost of Attendance

M1 EXPENSES

OUWB

At-home

M1

10 months

OUWB

Off-Campus

M1

10 months

OUWB

On-Campus

M1 

10 months

ROOM & BOARD




     Rent

All Inclusive

$7,520.00

$9,807.00

     Utilities

All Inclusive

$1,800.00

Included in Rent

     Food

All Inclusive

$3,360.00

$3,360.00

Total Room & Board

$2,000.00

$12,680.00

$13,167.00

 PERSONAL

 

 

 

     Clothing 

$900.00

$900.00

$900.00

     Laundry

$500.00

$500.00

$500.00

     Personal/Recreation

$1,500.00

$1,500.00

$1,500.00

     Communication

$900.00

$900.00

$900.00

 UNINSURED MEDICAL/DENTAL

$400.00

$400.00

 $400.00

       Total Personal and Uninsured Medical/Dental

 $4,200.00

$4,200.00  

 $4,200.00

TOTAL LIVING EXPENSES 

 $6,200.00

 $16,880.00

 $17,367.00

 

 

 

 

 TRANSPORTATION


 

 

 

      Gas & Routine Maintenance

 $2,836.00

 $2,836.00

 $1,175.00

      Vehicle Insurance

 $840.00

 $840.00

 $840.00

    Total Transportation

 $3,676.00

 $3,676.00

 $2,015.00

 

 

 

 

 TUITION

 $46,249.00

 $46,249.00

 $46,249.00

 REQUIRED TEXTBOOKS & SUPPLIES (DIAGNOSTIC

 KITS, SCALPELS, ETC.)

 $1,413.00

 $1,413.00

 $1,413.00

 FEDERAL DIRECT LOAN FEES

 $427.00

 $427.00 

 $427.00 

 FEDERAL GRADUATE PLUS LOAN FEES

 $592.00

 $1,020.00

 $973.00

             Total Tuition, Books & Supplies & Loan Fees

 $48,681.00

 $49,109.00

 $49,062.00

 

 

 

 

 TOTAL M1 COST OF ATTENDANCE

 $58,557.00

 $69,665.00

$68,444.00 

M2 EXPENSES

OUWB

At-home

M2

11 months

OUWB

Off-Campus

M2

11 months

OUWB

On-Campus

M2 

11 months

ROOM & BOARD




     Rent

All Inclusive

$8,272.00

$10,788.00

     Utilities

All Inclusive

$1980.00

Included in Rent

     Food

All Inclusive

$3,696.00

$3,696.00

Total Room & Board

$2,200.00

 13,696.00

$14,484.00

 PERSONAL

 

 

 

     Clothing 

$990.00

$990.00

$990.00

     Laundry

$550.00

$550.00

$550.00

     Personal/Recreation

$1,650.00

$1,650.00

$1,650.00

     Communication

$990.00

$990.00

$990.00

 UNINSURED MEDICAL/DENTAL

$400.00

$400.00 

 $400.00

Total Personal and Uninsured Medical/Dental

 $4,580.00

$4,580.00  

 $4,580.00

TOTAL LIVING EXPENSES 

$6,780.00

$18,528.00

$19,064.00

 

 

 

 

 TRANSPORTATION

 

 

 

      Gas & Routine Maintenance

$3,022.00

$3,022.00

$1,293.00

      Vehicle Insurance

 $924.00

 $924.00

 $924.00

Total Transportation

 $3,946.00

 $3,946.00

$2,217.00

 

 

 

 

 TUITION

 $46,249.00

 $46,249.00

 $46,249.00

 REQUIRED TEXTBOOKS & SUPPLIES

$573.00

$573.00

$573.00

 USMLE STEP 1 EXAM FEE

$560.00

$560.00 

$560.00 

 FEDERAL DIRECT LOAN FEES

 $449.00

  $449.00

  $449.00

 FEDERAL GRADUATE PLUS LOAN FEES

$527.00

 $996.00

 $949.00

Total Tuition, Books & Supplies & Loan Fees

$48,358.00

$48,827.00 

$48,780.00

 

 

 

 

 TOTAL M2 COST OF ATTENDANCE

$59,084.00

$71,301.00

$70,061.00 

M3 EXPENSES

OUWB

At-home

M3

12 months

OUWB

Off-Campus

M3

12 months

OUWB

On-Campus

M3

12 months

ROOM & BOARD




     Rent

All Inclusive

$9,024.00

$11,769.00

     Utilities

All Inclusive

$2,160.00

Included in Rent

     Food

All Inclusive

$4,032.00

$4,032.00

Total Room & Board

$2,400.00

$15,216.00

$15,801.00

 PERSONAL




     Clothing 

$1,080.00

$1,080.00

$1,080.00

     Laundry

$600.00

$600.00

$600.00

     Personal/Recreation

$1800.00

$1800.00

$1800.00

     Communication

$1080.00

$1080.00

$1080.00

 UNINSURED MEDICAL/DENTAL

$400.00

$400.00 

 $400.00

       Total Personal and Uninsured Medical/Dental

 $4,960.00

$4,960.00  

$4,960.00

TOTAL LIVING EXPENSES 

$7,360.00

$20,176.00

$20,761.00

 

 

 

 

 TRANSPORTATION




      Gas & Routine Maintenance

$5,876.00

$5,876.00

$5,876.00

      Vehicle Insurance

$1,008.00

$1,008.00

$1,008.00

Total Transportation

$6,884.00

$6,884.00

$6,884.00

 

 

 

 

 TUITION

 $46,249.00

 $46,249.00

 $46,249.00

 REQUIRED TEXTBOOKS & SUPPLIES

$501.00

$501.00

$501.00

 USMLE Step 2 CK

 $560.00

  $560.00

  $560.00

 USMLE Step 2 CS

 $1,200.00

  $1,200.00

  $1,200.00

 FEDERAL DIRECT LOAN FEES

$471.00

$471.00 

$471.00 

 FEDERAL GRADUATE PLUS LOAN FEES

$624.00

$1,136.00

$1,160.00

 Total Tuition, Books & Supplies & Loan Fees

$49,605.00

$50,117.00

$50,141.00

 

 

 

 

 TOTAL M3 COST OF ATTENDANCE

$63,849.00

$77,177.00

$77,786.00 

© 2012 Oakland University | Privacy Statement | Policies & Regulations | Emergency Preparedness | NCA Self-Study | Webmaster | | Moodle Login | Medical Main Street |