|
|
 |
- Create a budget for the full school year.
Dorm or apartment? Meal plan or home cooking? New books or used books? Think about ways to keep your costs down. Then use the table below to realistically estimate what you'll need for the full school year.
| |
Example* |
|
Your Estimate |
| Tuition/fees |
$10,000 |
 |
| Room/rent |
$2,400 |
|
| Board/meals |
$2,300 |
|
| Books/supplies |
$800 |
|
| Utilities/phone |
$675 |
|
| Transportation |
$1,000 |
|
| Personal |
$1,080 |
|
| Miscellaneous |
$450 |
|
| Total Expenses |
$18,705 |
A |
|
|
*Based on a 9-month school year.
- Know your resources
Discuss what your family can contribute and then aggressively go after "free money" options. Add up your total resources from savings, grants/scholarships and work.
| |
Per Year Example |
|
Your Estimate |
| Savings for education |
$3,500 |
|
| Loans |
$1,500 |
|
| Income |
$2,700 |
|
| Grants/scholarships |
$5,000 |
|
| Work study |
$1,500 |
|
| Total Resources |
$14,200 |
B |
|
|
- How much more will you need?
Subtract total resources (BOX B, above) from total expenses (BOX A, above). Enter the total in BOX C, below. If your resources can cover your expenses, you'll all set. If not, you'll need a way to make up the difference from student loans and other sources. Consult your financial aid director for other payment options.
| Example |
$18,705 |
- |
$14,200 |
= |
$4,505 |
| Your Estimate |
A |
- |
B |
= |
C |
| |
Total Expenses |
- |
Total Resources |
= |
Total Need |
|
|
|
Applying for Financial Aid 
