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Educational Costs

Financial Aid Handbook

Direct Educational Cost (billed by Coe)

Expense 2024-25 Cost
Full-time (3+ course credits) $54,316
Housing $5,608
Food $6,182
Student Fee (health services and activity fee) $350
Tuition Insurance (optional - can be declined) $228
Total Direct Educational Cost $66,684

Cost of Attendance

A student’s financial need is based on the total Cost Of Attendance (COA) at Coe College. In addition to defining financial need, the COA sets the limit on the total financial aid a student may receive. The cost components that can be included are prescribed by law. Coe’s COA is an estimate based on average educational expenses a student at Coe can expect to incur.

Expense 2024-25 Cost
Tuition $54,316
Fees $350
Housing $5,608
Food $6,182
Direct Cost (charged by Coe) $66,456
Books $1,000
Personal $1,600
Student Loan Fees* [1.057%] $72
Transportation $1,000
Supplemental Food $300
Housing Average $484
Anticipated Indirect Cost (not charged by Coe) $4,456
Total Cost of Attendance $70,912

* Average loan fees for students borrowing federal direct student loans

The following additional cost allowances can be added to your COA if applicable:

  • Dependent care costs
  • Disability-related costs
  • Student/parent loan fees
  • Study abroad expenses
  • Computer purchase

For students enrolled less than half-time (2 course credits), the COA typically does not include housing and food, personal or transportation expenses.

A student whose actual expenses are higher than the estimated COA may contact the Financial Aid Office to initiate a COA appeal. Such an appeal is only helpful to students whose financial aid offer will exceed their current COA. All adjustments are made at the discretion of staff in the Financial Aid Office.

May Term - Students taking their first May term course in May 2024 at Coe College will have no additional charges (other than travel costs for off-campus study) for tuition or room. Students who have attempted or completed a May term course prior to 2024 at Coe College will be charged $1,050 for tuition and $200 for a double occupancy room for the term.

Part-time tuition charges (2.99 course credits and below) for the 23-24 academic year are $6,529 per course credit and $6,790 for the 24-25 academic year.

Indirect Educational Cost (not billed by Coe):

Books, Course Materials, Supplies, and Equipment.

These expenses vary each semester and largely depend on individual needs and program of study. On average, full-time students spend approximately $1,000 per year ($500/semester) on books and supplies. Students will not be able to charge their books to their Coe account.

The college does not own the Online Bookstore. Books purchased through the online bookstore must be paid for by credit card or gift card. Students with financial aid that exceeds their billed charges, thus creating a credit balance, will receive a refund before the beginning of classes to purchase books. As required by federal regulations the ISBN number for required textbooks is available on provided that the faculty member has ordered books through the Coe Online Bookstore.

Note: Federal Pell Grant recipients with sufficient Title IV aid to cover book expenses may be eligible for a bookstore voucher. Our office will determine eligibility and contact those eligible with information about how to use their book voucher.

Off-Campus Living Expenses

Costs for off-campus housing and food vary depending on the type of living arrangement. Typical costs range from $6,244 (living with parents) to $11,336 (living in an off-campus apartment).

Founded as a residential college, the residential experience at Coe is an integral and intentional part of the college experience. Students are expected to take meals in the dining hall and to live on-campus throughout their studies at Coe. In rare instances, students may be granted permission to live off-campus. Students must request permission to live off-campus from the Dean of Students. Failure to receive permission will result in full food and housing charges as if the student is living on-campus. Students from the Cedar Rapids metro area can live at home with their parents. However, they must receive permission to move home from the Dean of Students if they have previously lived in the residence halls. Students starting their studies at Coe who are 25 years of age or older and/or married are exempt from the residential requirement.

When a student is approved to move off-campus, the student may have their institutional financial aid (merit and need-based) adjusted. Students considering moving off-campus and concerned about any potential adjustments to their financial aid should contact the Office of Financial Aid. For students moving home with parents, there may be additional adjustments to their student, parent and/or alternative loans.


Personal costs vary according to personal circumstances and spending habits. To determine financial aid eligibility, we estimate transportation costs at $1,000 and personal costs at $1,600 per academic year.

Living Allowance for Students Living with a Parent

The housing and food allowance for students living with their parents is $6,244.

Disbursement of Financial Aid to the Student's Account

The initial fall billing statement will be available on (student tab) in mid-July. The Coe Business Office issues online billing statements and will provide notification when they are ready to be viewed. The initial billing statement will reflect fall charges and the anticipated fall disbursement of your estimated financial aid provided that all verification (if applicable) requirements have been met. Note that outside scholarships and work-study awards will not be reflected on your billing statement. Typically, a student’s financial aid offer is allocated equally between the fall and spring term. You have the right to restrict the use of your aid to educationally related expenses by contacting the Coe Business Office at However, most students allow the use of federal funds for miscellaneous charges.

Your actual financial aid will be disbursed to your Coe account 10 days prior to the beginning of the term provided that all administrative requirements have been met. At that time, you may see a difference in your balance due from previous billing statements if loan promissory and entrance counseling requirements have not been met. Note that any student selected for verification who has not completed the process will not see estimated or actual financial aid until all requirements have been met.

Work-study is not credited to your bill. If you choose, earnings can be applied to your account as they are earned. The amount of your work-study award is not a guarantee.

Outside scholarships/loans are not credited to your account until the funds are received from the donor/lender. If you are expecting to have a credit balance on your student account, you must take into consideration the source of all funds and the timing of their application to your student account. Under no circumstances will funds be released to a student unless an actual credit balance is available on the account.

Payment Options

The amount that you owe Coe College may be paid in full each term or in 10 monthly installments over the academic year. (5 payments per term).

Important Billing Notes

  1. All billing will be online available to students on Billing (and other information) is available to parents at the discretion of the student via the Coe College Parent Portal.
  2. Employment earnings are paid each month directly to the student for hours worked, provided that the student time sheet has been turned in by the stated deadline (typically by the 2nd day of the month) and that all necessary paperwork (federal and state W-4 forms and I-9 form) has been completed in the Business Office. Employment earnings do not show as a credit on the tuition bill.
  3. Outside scholarships (i.e. Rotary, Dollars for Scholars, etc.) are credited to the student account only after the funds are received by Coe College. Checks may require a student endorsement before they can be deposited to the student account.
  4. For Direct loans, a 1.057% origination fee will be deducted. For Parent Loans (PLUS) a 4.228% origination fee will be deducted. Alternative loans may also carry fees that range from 0%-10%. Note that federal loan fees may change during the academic year due to federal sequestration.
  5. First-time Federal Direct loan borrowers must complete a Master Promissory Note (MPN) and entrance counseling before loan proceeds will be credited to the student account.