Borrowers
are often confused about how much money is necessary to cover educational
costs. Below is a worksheet designed to
assist you in determining how much money you will need.
A.
EXPENSES for attending CalArts for nine (9) months: $______________________________
Budget
(Your academic year budget is
listed on the Offer of Financial Aid in the upper right hand corner)
Estimated 2008/09 Sample Expense Budget
(for a complete budget
refer to CalArts website)
Tuition $
32,856
Student Fees $ 575
Room/Board $ 8,819
Books/Supplies $ 1,800
Travel $ 1,265
Personal/Miscellaneous $ 1,700
TOTAL $____________
B.
FINANCIAL AID RECEIVED
Refer to the Offer of Financial Aid and list the
total aid awarded. NOTE: Do not include any work-study award as these funds cannot be used to pay tuition bills.
Total Aid $____________
Total
Expenses (A) $____________
Total
Financial Aid (B) minus $____________
Amount
Still Needed $____________
This
amount should be a good indication of how much additional funding you may need
to cover expenses. If funds are not
available to cover expenses, parents or graduate students may wish to consider
borrowing additional funds under the PLUS or Private Loan Programs.
NOTE: In early August you will receive a tuition
bill in the Registration Packet. In
order to insure loan funds are available to pay your bill, you must have
completed the Federal PLUS Loan Application or Private Loan Application process
no later than
To
learn more about the budget, refer to the booklet “Your Financial Aid Award” or
review the “Student Budget Summary” on the Financial Aid Web-site.
If
you have any questions regarding the tuition bill and paying any balance due,
please contact the Student Accounts Office at 661-253-7847