Budget Worksheet for Graduate Students

Creating an annual budget is an important process of your educational experience; it helps you understand your total costs, how your financial aid awards help cover those costs, and any remaining balance due to Cal Lutheran after your aid is credited. When using this worksheet, refer to your Financial Aid Award Letter for a list of your offered awards.

Single Term for 2013-2014 Charges/Expenses
Program
Units*
How many units will you take?
Program Fees
Enter required program fees
$
Technology Fees
$50 per term
$50
Expenses
List additional expenses (rent, food, books, transportation, etc.)
$
Total Estimated Charges $

* You must be registered at least half-time (3 units per term) in order to be eligible for Federal Student Loans.

Single Term Financial Aid
Federal Unsubsidized Stafford Loans**

Adjust gross loan amount to cover Total Estimated Charges (above) until the Total Estimated Balance (below) is close to zero. A negative number in the Total Estimated Balance field will result in a refund to the student. A positive number will mean a balance is owed by the student. Total gross Unsubsidized loan amounts combined for all terms cannot exceed $20,500.
$
Gross amount

$
Net amount after 1.072% lender fee deducted

Federal Graduate Plus Loan**

Adjust gross loan amount to cover Total Estimated Charges (above) until the Total Estimated Balance (below) is close to zero. A negative number in the Total Estimated Balance field will result in a refund to the student. A positive number will mean a balance is owed by the student. Total gross Unsubsidized and Graduate Plus loan amounts combined for all terms cannot exceed student Cost of Attendance.
$
Gross amount

$
Net amount after 4.288% lender fee deducted

Alternative/Private Loan $
Other Financial Aid
List any other financial aid you are receiving (scholarships, grants, assistantships, etc.)
$
Total Estimated Financial Aid $

** All loan application processes must be completed before the loans will credit to your account. Federal Graduate Plus Loans are subject to credit approval. Federal Lending fees may change at the discretion of the U.S. Congress at any time.

Single Term Estimated Balance
Total Estimated Balance $

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About this Estimate
Important: This worksheet is not a bill. CLU is providing this estimating tool as a means for you and your family to investigate the different costs that may be associated with attending CLU. Your actual charges and balance owed are determined by the Student Accounts Office and sent to you in your pre-bill once you are enrolled. In order to maximize your financial aid, it is important to make wise decisions regarding living arrangements and choice of lifestyle. While personal and transportation expenses are not included in our estimates, we recommend you consider them and budget accordingly.

Cost of Attendance
The cost of attendance for a student is an estimate of that student’s educational expenses for an academic year. The Office of Financial determines CLU's cost of attendance by calculating average expenses for students at CLU, rather than actual expenses. Per federal regulations, the total aid a student receives may not exceed the school’s pre-determined cost of attendance. Therefore, if you receive outside scholarships that causes your total aid to exceed your cost of attendance, we will need to reduce the amount of loans and work-study listed on your Financial Aid Award Letter. Learn more about Cost of Attendance.

Important Note
The Office of Financial Aid understands that sometimes a family’s current financial situation may be drastically different from the prior tax year as originally submitted on the Free Application for Federal Student Aid (FAFSA). In these situations, on a case-by-case basis, a review of your financial information may be warranted. Please contact your Financial Aid Counselor to discuss your situation following payment of your enrollment deposit.

If you have questions or comments about tuition and fees, please contact the Student Accounts Office.

If you have questions or comments about financial aid and cost of attendance, please contact Office of Financial Aid.

 

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