Budget Planning Guide

First, Determine Your Budget

If you are a dependent student and you are living at home with your parents, yours is the "at home" budget; otherwise, your budget is the "on/off-campus" budget. All budgets shown are based on attending three quarters. If you attending fewer terms use 1/3 of each amount per term attending to calculate your budget.*


2008-09 Budget for All Dependent Undergraduate Students
  At Home
On/Off-Campus
     
Tuition $25,965 $25,965
Books/supplies $1,560 $1,560
Personal/misc. $1,040 $1,560
Transportation $624 $1,248
Room/Board
$2,704 $11,268


Total budget $31,893 $41,601

If you are an independent undergraduate student and you are living at home with your parents, yours is the "at home" budget; otherwise your budget is the "on/off-campus" budget based on the number you claimed in your household on the FAFSA. All budgets shown are based on attending three quarters. If you are attending fewer terms use 1/3 of each amount per term attending to calculate your budget.*


2008-09 Budget for All Independent Undergraduate Students
  At Home
On/Off-Campus
One-person Household
Off-Campus
Two-person Household
Off-Campus
Three-person (or more) Household
         
Tuition $25,965 $25,965 $25,965 $25,965
Books/supplies $1,560 $1,560 $1,560 $1,560
Personal/misc. $1,040 $1,560 $3,120 $4,680
Transportation $624 $1,248 $1,248 $1,248
Room/Board
$2,704 $11,268 $12,451 $13,826


Total budget $31,893 $41,601 $44,344 $47,279

If you are a graduate student, and you are living at home with your parents, yours is the "at home" budget; otherwise your budget is the "on/off-campus" budget based on the number you claimed in your household on the FAFSA. All budgets shown are based on attending three quarters. If you are attending fewer terms use 1/3 of each amount per term attending to calculate your budget.*


2008-09 Budget for All Graduate Students
  At Home
On/Off-Campus
One-person Household
Off-Campus
Two-person Household
Off-Campus
Three-person (or more) Household
         
Tuition $26,415 $26,415 $26,415 $26,415
Books/supplies $1,560 $1,560 $1,560 $1,560
Personal/misc. $1,040 $1,560 $3,120 $4,680
Transportation $624 $1,248 $1,248 $1,248
Room/Board
$2,704 $11,268 $12,451 $13,826


Total budget $32,343 $42,051 $44,794 $47,729


Enter your budget here: A.$



Second, Determine Your Estimated Financial Aid:

Enter yearly amount of SCAD scholarship or fellowship awarded by the admission office here:
$


Enter estimated amount of federal Pell Grant, if eligible, here:
$


Enter amount of state grants or scholarships, or loans here:
$


Enter amount of federal Direct Loan student loans you qualify for here:
$


Enter amount of Veterans or Americorps benefits you qualify for here:
$


Enter amount of vocational rehabilitation benefits you qualify for here:
$


Enter amount of state prepay plan, parent employer benefits or similar here:
$


Enter amount of any other outside scholarships or resources not already listed here:
$

 
Enter total of all lines here: B.$


Third, Determine Your Estimated Remaining Need:

Enter student budget (figure A) here: $
   
Enter total estimated student aid (figure B) here: $
   
Subtract figure A from figure B for your estimated remaining need: $
This is your estimated additional need.


This remaining need could be covered through family contributions, savings, PLUS or alternative loans outlined in this guide.

The books/supplies, personal/misc. and transportation budget components are not fees paid directly to the college; they are components that federal regulations require to be included in determining a student's eligibility to receive loans, grants, scholarships, etc. Tuition is a direct cost for all students. Room/board fees are direct costs for students living in residence halls. Many students who need to borrow additional funds to cover educational expenses choose not to borrow funds for the indirect budget components, but all students should plan for these expenses.


*Actual budget used to determine financial need is subject to verification of information used to determine it.