Student budgets are an important component in the financial aid process. Standard student budgets reflecting the Centenary average student population cost of attendance at a modest, but adequate standard of living are used to award financial aid. The Director of Financial Aid, on a case-by-case basis, may approve special budget considerations.
Basis for Student Budgets
The director collects information to prepare standard costs on an annual basis.
- Tuition and Fees
Tuition and Fees are set each October by the Executive Board.
- Books and Supplies
The Books and Supplies allowance is based on the recommendation from the Louisiana Association of Financial Aid Administrators (LASFAA) budget committee.
- Room and Board
Room and board expenses are divided into three categories: living on campus, living with parents, and living off-campus. With the exception of on-campus cost set by the Executive Board, these budget allowances are based on the recommendation from the LASFAA budget committee.
Transportation costs allowances are based on the recommendation from the LASFAA budget committee.
- Personal/ Miscellaneous Expenses
Personal expenses include costs for clothing, toiletries, medical/dental, recreational, and other miscellaneous expenses. These allowances are based on the recommendation from the LASFAA budget committee.
Special Budget Considerations
Upon request, aid officers may review, and if appropriate, adjust a student's budget. Students must submit supporting documentation.
Examples of changes to standard budgets include, but are not limited to:
- Childcare - the cost of childcare for parents with dependent children may be added to a standard budget by the Director of Financial Aid. This cost allowance is based on the recommendation of the LASFAA budget committee or by documentation from a recognized childcare provider.
- Computer allowance- a reasonable allowance for a computer or rental may be added to the student's budget. This is a one-time adjustment.