Cost of Education Worksheet

Determine Your Approximate Cost Below.

The following estimated costs are for the full 2014-2015 academic year.

2014-2015 Full-time Tuition and Fees:

$35,500

Charges for On-Campus Housing:
(Resident Students Only, Seton and Merton Hall)

$9,782

Meal Plan:

(Based on the Big Red plan, which is required for all first year resident students.)

$4,040

Total Charges for 2014-2015(Direct charges which the University will bill the student)

$49,322

Deduct: Financial Assistance scholarships and grants. For example, Trustee Scholarships, CICSG, Pell Grants, SHU Grant in Aid and SEOG. To determine the total amount you should deduct add together similar awards on your letter. DO NOT INCLUDE WORK STUDY!

 

 

Minus $__________

Deduct: the amount of Stafford loan you intend to borrow. For example, the maximum amount a first-year student can borrow is $3,500 less up to 4% processing fees. In other words, $3,360 in loan proceeds can be applied to direct charges.

 

Minus $__________

Deduct: other payments. For example, a $1,500 deposit is required for all incoming students. $1,350 is applied to tuition. ($150 is held as a housing damage deposit.)

 

Minus $__________

 

The estimated amount I have to directly pay for the 2014-2015 Academic Year.

$

Payment Plan: With the University's deferred payment plans you can easily budget the remaining cost in 10 monthly payments. A participation fee will be assessed each semester.

$________/per month

(estimated amount to pay the university divided by 10 months)