Your federal Financial Aid eligibility is determined based upon a number of different factors, including the “Cost of Attendance” for your program of study. The Cost of Attendance (also known as “COA” or “student budget”) includes both direct costs(like tuition, books, and supplies) and indirect costs (like housing and food costs, and the cost of getting back-and-forth to school). The federal COA is used primarily as a tool for computing eligibility for federal student aid. Your actual costs may vary depending on multiple factors (particularly the indirect costs).
The costs used in the federal cost of attendance are for one academic year or the length of the entire program — whichever is less. For most students at PTT, the program equals exactly one academic year, so these time periods are identical.
Your direct costs incorporate tuition, books, and supplies. These are billed to you by the school (minus any payments you have made, estimated financial aid, or approved education loans).
Most of a student’s indirect costs are living expenses. Students would likely have these expenses whether or not they were attending school. The school will NOT bill students for these costs, they are simply estimated to help students plan for living costs and other out-of-pocket expenses while attending school.
The standardized Cost of Attendance budgets at Philadelphia Technician Training Institute are calculated annually and can be obtained by contacting the Financial Aid Office. While most students will fall into one of the standardized budgets, your individual budget may be customized to meet your specific enrollment circumstances. Your individual COA budget will be provided to you in your award letter after completion of your financial aid application.
If you have any questions about program costs, direct costs, indirect costs, or how your financial aid is calculated; please visit the financial aid office. We’ll be happy to help you!
The Federal Net Price Calculator
Philadelphia Technician Training Institute provides a Net Price Calculator to allow students and families to create an estimate of costs and financial aid. Please click on the link to access the estimator program. This is ONLY AN ESTIMATE. For more accurate information about program costs and available financial aid, please visit the Financial Aid Office.