STUDENT LOAN BUDGET WORKSHEET 2017/2018
Use the table and worksheet below to calculate the amount of loan
money you will need to cover both direct and indirect costs. Indirect expenses will vary between students
and may be less than the estimated amounts indicated below. Students may not borrow more than the
maximum Cost of Attendance (COA) less other aid.
Cost of Attendance (COA) 2017/2018
Indirect (non-billable) Estimated
Room & Board
* Based on 16 credits.
**Based on 16 credits
Tuition for 2-Year Full-Time Day, 5-Year Part-Time Evening and LL.M.
students is charged on a per credit basis at $1,645/credit.
maximum amount of loan money you can borrow is limited to the estimated
yearly costs less other financial aid (scholarships, grants, Unsubsidized
Stafford Loan, and Federal Work Study.)
Financial Aid Office advocates responsible education financing and borrowing.
We strongly encourage you to budget wisely and borrow conservatively. We
recommend the following resources and tools to gain a full understanding of
loan terms and repayment conditions:
www.studentloans.gov (fact sheets and Q
www.finaid.org (loan calculators)
www.mymoney.gov ( budget sheets )
Students should understand the ultimate cost of loans
over time and calculate what future monthly payments will be.
Students should be familiar with interest rates and
Students should be aware of interest rate calculations
and understand the costs associated with deferments, forbearance and extended
repayment plans verses immediate repayment.
Payment/ Repair/ Insurance
Credit Card Payments
Total Direct + Indirect Expenses
Less : Financial Aid
Unsubsidized Stafford $20,500
minus $220 origination fee
Balance of Expenses
a 4.272% origination fee to balance if you plan to cover remaining expenses
with a Grad PLUS Loan
PLUS Loan or Private Loan needed to cover all budgeted expenses