|
Budgeting Worksheet Directions
|
|
|
|
A
|
Direct Costs
|
|
|
Direct
costs are expenses you will pay directly to Clarkson College, such as
tuition, fees and on-campus housing charges. Tuition and standard fee costs
should be estimated by entering the number of credit hours you plan to take
for both semesters. For example, a full-time student will take at least 12
credit hours per semester, or 24 credit hours for the Fall and Spring
semesters combined. Multiply the tuition cost of $395 per credit hour times
24 credit hours to arrive at the total tuition cost for the academic year, $9,480.
|
|
|
|
|
B
|
Indirect Costs
|
|
|
Indirect
costs are all expenses not paid directly to Clarkson College, such as
groceries, clothes, entertainment, etc. If you live off-campus, your housing
expenses should be listed in the Indirect Cost section of the worksheet.
|
|
|
|
|
C
|
Financial Resources
|
|
|
List
your available revenue such as income and college savings resources.
|
|
|
|
|
D
|
Financial Aid
|
|
|
List
the sources of financial aid that appear on your award letter from Clarkson
College. Leave the PLUS and Alternative Loan lines blank on the worksheet so
you can calculate the amount you may need to borrow.
|
|
|
|
|
1
|
Total all Direct Costs
|
|
|
|
|
2
|
Total all Indirect Costs
|
|
|
|
|
3
|
Total Direct Costs plus Indirect
Costs to determine your total expenses.
|
|
|
|
|
4
|
Total all Financial Resources
and Financial Aid
|
|
|
|
|
E
|
Calculate the amount you may
need to borrow in alternative loans or
|
|
|
PLUS funds.
Your
total costs (Section 3) minus your total Financial Resources (Section 4)
equals the amount of your expenses not covered or your excess cash (Section
5).
|
|
|
|
|
5
|
If Section
5 is a negative number - this is the amount of funds you have available in
|
|
|
excess
of your expenses. You may want to consider reducing the amount of loan funds
you borrow.
If Section
5 is a positive number - this is the amount not covered by income, savings
and/or financial aid. This is the amount you may consider borrowing in
alternative loans; or, if you are a dependent student, this is the amount a
parent may consider borrowing through the PLUS program.
|
