The dependent care allowance is based on the estimated expenses incurred for dependent care, based on the number and age of such dependents.
- Allowance must not exceed the reasonable cost in the community in which such student resides for the kind of care provided; and
- The period for which the dependent care is required includes, but it not limited to, class-time, study-time, field work, internships, and commuting time.
Adding a dependent care allowance to a student’s cost of attendance budget increases loan eligibility (federal and private). It is not allowance from the university and is strictly to increase loan eligibility to help pay child care expenses.