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School
Cost and Financial Aid
One
of many advantages of attending this "co-op" program is the rare opportunity for students to earn a salary
through PAID "co-op" employment. This
"ultimate scholarship" covers a great
proportion of the education expenses ----- an affordable choice for higher
education.
*Tuition and fees are subject to change.
Revised 11/01/09
COST FACT SHEET FOR THE FIRST 12 MONTHS
at
SULLIVAN UNIVERSITY
Q: How many academic quarters are there
during the first 12 months at Sullivan University?
A: There are 4 quarters during the first
12 months, each lasting 3 months.
Q: How many classes am I required to
take each quarter?
A: Two
classes per quarter for the first 3 quarters, and a one
hour practicum in the 4th. Quarter.
Q: How
much do I need to pay at the beginning of each quarter?
A: 1st Quarter: Tuition for two classes
($1,875 /class) plus application fee $ 3,850
2 nd
Quarter:
Tuition for two classes ($1875 / class) 3,750
3 rd
Quarter:
Tuition for two classes ($1,875/ class) 3,750
4 th
Quarter:
Tuition for a one hour practicum 625
Total Cost for First Year $11,975
Q: How much do I need to pay per month
for living expenses?
A: it is estimated that the cost of
living alone in a single apartment would be about $900
per month. However, it is estimated
that a student who chooses to share an apartment and
food with approximately $450 to $550 for their room
and board per
month. (While Sullivan may have some "leads"
to give to the student as to available accommodations,
it is the student’s own personal responsibility to
locate his/her own housing and pay for the same.)
Q: Is it mandatory that I purchase the
special Employment Assistance Package for $950?
A: No. This Employment Assistant Package
is optional. However, any student choosing to purchase
this extra package will
receive the following special benefits from:
(1) help in getting an immediate job
offer letter from interim employer, plus,
(2) assistance in applying for a Social
Security number as soon as legally allowed, plus,
(3) actually employing the student for
several hours per week in marketing, while student is
simultaneously engaged in
securing more permanent full time employment with an
outside US based company.
Q: After completing 3 quarters, will I
be allowed to have an annual break from taking classes?
A: Yes, after completing 3 quarters of
coursework, you will be allowed a break in the 4th
quarter.
Q: During the annual break from classes,
will I be able to continue working full time in
curricular practical training employment?
A: Yes, you will be able to continue
working during your annual break; however, you will be
required to pay during that quarter
break the sum of $625 for a one hour
"practicum" course which continues your legal
right to CPT while you are
not taking regular courses.
Q:
How much money needs to be in my, or my sponsor’s,
bank statement in order to be accepted?
A: Both the U.S. consulate and the
university require that students provide a personal bank
statement or the bank statement
of their sponsor showing sufficient funds to cover their
expenses for the first academic year, as noted in
Section 7d of
the I-20 form. A $20,000 bank statement is required for
acceptance to the co-op program. This requirement
does not mean that the student must pay this much money
in their first year; rather, this bank statement merely
demonstrates that the student has more than enough money
available, from which he/she can pay estimated academic
and personal expenses.
Q: Am I guaranteed a job by the
university or its program associate?
A: No. It is the responsibility of each
co-op student to locate and secure his/her own
curricular practical training job. Other
than the initial part time hours of employment that is
offered in the first few weeks as a part of the Employment
Assistance package, no guarantee of any employment has
been promised to the student.
Q: How much can I earn in Curricular
Practical Training as a co-op student?
A: Students in the co-op program are
allowed to legally work full time (160 or more hours per
month), and will be paid no
less than the state minimum wage. Examples of potential
incomes for students working full time are as follows:
(1) At $8.00 per hour, a student would
earn approximately $1,280 per month.
(2) At $10.00 per hour, a student would
earn approximately $1,600 per month.
(3) At $12.00 per hour, a student would
earn approximately $1,920 per month.
Full-time
status is 4 units or one class per session. Each class
is 4 units at the rate of $415.00 x 4 units = $1660.00
Financial
Aid:
The
"co-op" employment salary will be $8 to $12 per hour, depending on student's English ability, work
experience, and job skills. Average income of coop
students are $9,000 to $14,000 in the first year, which is more than
any scholarships that are available to students from any
other universities.
Virtually
100% students enhance their job level over times, from
the entry-level job ($7-$9) in the beginning switch to
higher managerial jobs that pay higher salary ($11-$12
or more).
|
$8 per hour |
$9 per hour |
$10 per hour |
$11 per hour |
$12 per hour |
|
work 40 hours per
week, 4
weeks per month |
work 40 hours per
week, 4
weeks per month |
work 40 hours per
week, 4
weeks per month |
work 40 hours per
week, 4
weeks per month |
work 40 hours per
week, 4
weeks per month |
|
annual income
$15,360 |
annual income
$17,280 |
annual income
$19,200 |
annual income
$21,120 |
annual income
$23,040 |
|