Financial Planning for SVP

For Spring 2017, the costs of attending the Silicon Valley Program are estimated to be greater than $33,350 per semester. These costs may change, so check back frequently. In addition to tuition and housing, each student must budget for food, transportation to the program, transportation within the program, and miscellaneous expenses. 

Cost for Spring 2017

Item Description Amount
Tuition Based on CMC's semester tuition charges for the fiscal year. $25,350
Housing The program secures housing for all students. See the Housing page for more information. $8,000 double

$10,000 single
Board Not charged by the program. Budget food costs of approximately the cost of a semester board at 12 meal plan, plus about 15% for cost of living adjustment between Claremont and Silicon Valley. This amount will vary depending upon each student's individual needs, as well as the internship each student secures. NOTE: SVP pays for all meals during orientation, and all Saturday lunches during regularly scheduled and make-up classes.  
Student Fees Not charged by the program. The Program pays for various fees associated with alumni and professional development events; some activities not specifically sanctioned by the Program will be paid by students. Nominal fees may be charged to offset the costs of various events. Budget $150 per student.  
Travel to SVP Not charged by the program. Cost will vary, depending upon the student's location prior to the program. Please budget wisely.  
Travel within SVP Not charged by the program. Ground transportation may be considerable, depending upon distance of internship from residence, and mode of transportation. Please budget wisely.  
TOTAL   $33,350+

Students from Claremont McKenna College will be billed the amounts enumerated above through the student billing process. All other charges should be budgeted by the student and his/her family accordingly. The College will NOT charge for regular Board and will not be responsible for food costs during the semester, other than those previously mentioned. 

Students from the other Claremont Colleges will be billed from their home college. Consult with your college's student accounts professional for more accurate information.

Compensation

Students may be compensated for their work at an internship, but compensation is not guaranteed. The ability for students to be paid will depend upon a number of factors including each college's policy and each employer's budget. For budgeting purposes, the average hourly wage is $18/hour for 35-40 hours/week and 14-15 weeks in the semester, or a gross compensation of approximately $8,820.

Financial Aid

Students and their families should consult with your college's financial aid professionals to fully understand the impact of any compensation on future financial aid packages. These salaries are subject to regular income taxes, and will likely affect any financial aid awarded in the future. When compensated, students tend to earn far more then they typically earn for on-campus jobs. Students should take their future financial aid into consideration when accepting an internship.

 

For additional information, consult with the program director.

Contact

Center for Global Education

Claremont McKenna College
850 Columbia Avenue
Claremont, CA 91711

Phone: (909) 621-8267
Fax: (909) 607-8690
Email:

Campus Location

Heggblade Center, First Floor
400 E. Ninth Street
Claremont, CA 91711