Borrowing Tips
Never borrow more than you need.
An education loan may be an option you have, but make scholarships, grants, savings, and money you earn your first choice in paying for college.
Budget before you borrow.
Using a budget will help you plan and limit your borrowing. A budget also helps you think ahead, so you can retain enough borrowing power to help pay for things you may need after college, such as a car or furniture. Many helpful budget guides can be found in bookstores or online.
Stay in touch with your lender.
Open your mail and read all correspondence related to your loan! Do not leave mail unopened. You may miss important information and deadlines. Keep your official loan documents and other important information organized.
Indirect Education Expenses
The estimated costs listed here are provided to assist your planning.
Room and board expenses are incorporated into a student's cost of attendance per academic year. Embry-Riddle uses an estimated national average of $8,136 annually. Indirect costs are not paid to the University.
| Undergraduate Resident & Online Budgets | Graduate Resident Budgets | Graduate Online Budgets | |
|---|---|---|---|
| Tuition | $5,160 | $4,680 | $2,520 |
| Room | $4,936 | $4,936 | $4,940 |
| Board | $3,200 | $3,204 | $3,202 |
| Books/Supplies | $1,040 | $1,040 | $520 |
| Personal | $1,448 | $1,448 | $1,448 |
| Transportation | $2,440 | $2,440 | $2,444 |
| Total | $18,224 | $17,748 | $15,074 |
Federal Stafford Loan Aggregate Limits - Undergraduate
Subsidized Stafford loan $23,000
Unsubsidized Stafford loan $34,500
Federal Stafford Loan Aggregate Limits - Graduate/Professional
Subsidized Stafford loan $65,500
Total Stafford loans $138,500
* Based upon full-time enrollment for one academic year. *
* Amounts may vary by program. *
* The published cost of attendance establishes the limits for qualified financial aid and student loans available to the student. *
