Since you are allowed to borrow up to the
cost of attendance less financial aid you should have an understanding
of what this means. Cost of attendance, or COA, is our official estimate
of a student's total cost to attend RISD in a particular year. A COA
includes both direct costs (tuition and fees) and indirect costs
(supplies, personal/travel expenses and living expenses if not living on
For 2013-14 the cost of attendance for
undergraduate students is $61,454; the cost of attendance for graduate
students is $66,878.
To determine what you should
borrow, take into consideration your own personal resources, then look
at your invoice and your financial aid award to view your charges and
the aid that has already been/will be credited to your account.
should then estimate the expenses that are not listed on your
invoice—the indirect costs mentioned above—and add this to whatever is
unpaid on your invoice. This would be a fair estimate of what you may
need to borrow to support your educational objectives this academic
Please note: If you do not identify a specific
loan amount on the PLUS Request we will process a loan for the cost of
attendance less your financial aid.