Budgeting for your college education
The Department of Education provides a
budget calculator for students to help determine how much money will be needed
for the school year. This calculator
will help determine expenses and estimate total available income. The results will most likely be a negative
number and represents what may be needed to cover tuition and fees. Visit these sites for more information:
Tips for developing a budget using the budget calculator
- Follow the instructions provided on the
budget calculator website.
- Remember you are calculating for an
annual cost, so monthly expenses should be multiplied by 9 months to get
expenses for an academic year.
- Use the University's standard Financial Aid Budget as your source for out of pocket expenses. These include tuition, housing meals, books
and supplies. It also includes indirect
costs such as transportation and personal expenses.
- Leave the family contribution field
blank, as this is the figure you are trying to determine.