| Basics |
| Cost of Education |
Cost of attendance budgets include average costs associated with all of the educational expenses a student will incur during the academic year. This includes tuition and fees, room and board, miscellaneous personal expenses, books and supplies, local transportation costs. While students must determine their own budget, in keeping with needs and resources, the following is an approximate annual cost of education for financial aid students attending American River College:
| 2012-2013 | ||
| . | Living with parents | Living on own |
| Room/Board |
$4,346
|
$10,863
|
| Books/Supplies |
$1,656
|
$1,656
|
| Transportation |
$1,206
|
$1,206
|
| Personal/Misc. |
$3,114
|
$2,583
|
| Fees ($46/unit)* |
$1,104
|
$1,104
|
| Total (approximate) |
$11,426/yr
|
$17,412/yr
|
|
*The fees are based on the average units for a full time of 12 X $46/ unit
|
||
| 2013-2014 | ||
| . | Living with parents | Living on own |
| Room/Board |
$4,346
|
$10,862
|
| Books/Supplies |
$1,656
|
$1,656
|
| Transportation |
$1,206
|
$1,206
|
| Personal/Misc. |
$3,114
|
$2,854
|
| Fees ($46/unit)* |
$1,104
|
$1,104
|
| Total (approximate) |
$11,426/yr
|
$17,682/yr
|
|
*The fees are based on the average units for a full time of 12 X $46/ unit
|
||
| Federal Education Tax Credits |
You may be able to obtain federal tax credits for enrollment fees you pay if you are enrolled in at least six units during any semester including summer and meet the other conditions prescribed by federal law. These tax credits can be taken by the student, or the student's parents if the student is a dependent. The Los Rios Community College District will automatically mail an IRS Form 1098 to each student so that students can claim any credits on their federal tax return. More information on the Hope Credit or Lifetime Learning Credit is available in IRS Publication 970. The following IRS websites are helpful:
| Dropping Classes |
Students who receive Pell Grant and withdraw or stop attending classes that they received the grant for may be required to repay some or all of the funds. Failure to repay the amount within 45 days will result in future aid being canceled/denied.
Additionally, students who receive any type of federal student aid and drop and or stop attending all their classes will be responsible to repay any portion of aid the college is required to return to the Department of Education as a result of them withdrawing or stop attending from classes.
Click here to check what happens with financial aid when students withdraw from college.