Cost of Attendance
The Cost of Attendance is used to calculate a student’s financial aid eligibility and to set the maximum limit of financial aid. The estimated cost of attendance figures, as established by the Office of Financial Aid, should help you plan your fiscal budgeting for the academic years to come. Great care has been taken to calculate a fair student cost of attendance, reflecting the average living costs for a single student in the Roanoke Valley area.
Tuition and fees are the same for both Virginia and out-of-state residents. The table below provides a breakdown of the tuition and fees for the 2016-2017 M1-M4 academic year. Please note, the Cost of Attendance is updated annually to reflect the current academic year’s billed and unbilled costs.
|Cost of Attendance 2016-2017
|Months in Calendar||11||12||12||11|
|Year of Graduation||2020||2019||2018||2017|
|Fees - billed by school||$250||$275||$350||$475|
|Fees - external||$500||$1,100||$2,869||$1,224|
|COA Totals||$77,842 *||$78,257||$79,999||$81,535 **|
* M1 COA includes one-time $2,000 laptop purchase and $300 equipment allowance.
** M4 COA includes one-time $5,000 borrowing allowance for 4th year residency application travel.
Your cost of attendance figure includes actual tuition charges and fees based on your classification level in medical school (M1-M4) and the number of months in your level’s academic school year (11 or 12).
Only on a case by case basis, students may submit an appeal to increase their budget due to special or extenuating circumstances.
Notes Regarding Cost of Attendance
All Virginia Tech Carilion School of Medicine students are required to have a laptop computer. Minimum specifications are provided to students prior to matriculation. Students who wish to purchase a new laptop have access to the Virginia Tech Carilion School of Medicine purchase plans through the Virginia Tech Bookstore. The computer expense is for the first year only. All other expenses are projected by year.
All students will be required to carry health insurance. If you already have a health insurance plan, you will be able to keep it and proof of insurance must be submitted to the Office of Enrollment Management. A range of individual and group plans are made available to students attending the school. The Virginia Tech Graduate Student Health Plan for an individual, for example, costs on average $2,350 per year.
Students are charged an electronic textbook fee, as stated in the above Cost of Attendance, for complete online access to their required textbooks via Vital Source. Vital Source, an online textbook service, offers the convenience of portable, interactive, cost effective textbooks at your fingertips. Although VTCSOM does not advise students to “opt out”, students have the right to “Opt Out” of the electronic textbook service. Students who wish to “opt out” must complete the Electronic Textbook Opt Out form by the first day of classes. “Opt Out’ requests submitted after the deadline will not be granted. Please note, once a student chooses to “opt out”, they cannot rescind their decision for the remainder of the academic year. Students who wish to “opt out” must also complete a new Electronic Textbook Opt Out form each academic year by the established deadline.
All fees are subject to annual review by the Virginia Tech Carilion School of Medicine Board of Directors.
Students with Dependents
According to the Federal Construction Rules for Student Cost Of Attendance, only the student’s costs are to be included in the expected cost of attendance, regardless of filing status (single, married, or with dependents). Other dependents are taken into consideration in the establishment of the expected student contribution during the FAFSA needs analysis. Since the standard cost of attendance includes expenses only for the student, it will be necessary for students with dependents to identify means other than student financial aid to support their immediate family.
Note to Entering First-Year Students
Entering students are advised to start the school year with some money to ensure all upfront expenses are paid timely. It is strongly recommended that you pay July rent prior to receiving fall semester financial aid. Also, it helps to have some extra money available for buying books and supplies the first week of fall semester.
Per Federal Regulations, the cost of purchasing a vehicle cannot be included in the cost of attendance. Virginia Tech Carilion School of Medicine encourages all students to seek a reliable means of transportation prior to entering clerkship rotations.