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determining your college costs be as liberal as possible. This
will put you in the position of being able to get the greatest
amount of free money. The greater the overall expense for the
student, the greater is the possibility of proving financial
aid need. In other words, the amount of aid given is in accordance
with the student's statement of officially defined financial
need. The financial aid application forms refer to this as "student
expense budget." A student should consider all possible expenses
when determining this, including:
Tuition fees
These vary from college to college, the biggest difference
being between public and private institutions. Tuition is
the charge for instruction. Fees can include services such
as health, library, student activities, etc.
Books and Supplies
Depending on the courses chosen, the cost of books,
paper, etc., will vary. Supplies for laboratory, computer,
engineering, and art classes, for example, may raise the cost
of supplies significantly.
Housing
This depends on whether a student plan is to live
at home, in a student dorm, or off-campus in an apartment
(or fraternal organization) or other student housing.
Meals
Food costs vary in different areas of the country.
A student may choose a school meal plan, eat most of his meals
at home, or cook for himself.
Personal Expenses
These include clothing, insurance, social outings,
long-distance telephone calls, and any out-of-pocket expenses,
depending on the student's expected lifestyle while at college.
Transportation
If a student lives on-campus, transportation costs
will be minor. If a student lives off-campus, daily commuting
expenses (i.e., bus fare, gas, ride sharing) must be considered.
Costs for maintaining a personal car for a student living
off-campus can make a difference in his/her budget. Also,
depending how far from home college is, costs for round-trip
travel during vacation times and summer can vary greatly.
Medical care, disability,
extra insurance
These are also important considerations in figuring
the total budget for the nine-month school year.
Married with (or without
children)
This can also make an obvious difference in a student's
overall budget and is considered when being awarded a student
aid package.
Most schools include detailed costs for attendance
in their catalogues and brochures. In addition, the College
Board's The College Cost Book or the ACT's College Planning-Search
Book are good guides for working out college cost estimates.
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