189x Filetype XLSX File size 0.20 MB Source: www.kumc.edu
Budget Worksheet - Cost of Attendance vs. Actual Spending To use this spreadsheet, fill in the white, blank fields with your personal information. Once you have completed your entries, the "Surplus/Deficit" chart will show you how well you are living within the established Student Financial Aid Cost of Attendance. Use this spreadsheet to determine where you may be overspending, and how much more you may need to borrow to meet your educational needs. Never overborrow if you can reduce your spending! Don't forget, the Student Financial Aid Office can only provide monthly living expenses for the number of months you are enrolled. If you are only enrolled for 9 months in a year, your financial aid will not be available to cover your summer expenses. If you are not working, you may need to reduce your monthly spending to stretch out your financial aid to meet your summer expenses. Annual Income - July 1, 2022 through June 30, 2023 Financial Aid Work Family Other Annual Total $ - Monthly amount $ - Surplus/Deficit Monthly Annually $0 $0 If the total in this chart is positive, you are living within the budget set by Student Financial Aid. If the total is negative, you are spending more money that what is available through financial aid. This means you will need to reduce spending or find another source of income. Budget Worksheet - Cost of Attendance vs. Actual Spending To use this spreadsheet, fill in the white, blank fields with your personal information. Once you have completed your entries, the "Surplus/Deficit" chart will show you how well you are living within the established Student Financial Aid Cost of Attendance. Use this spreadsheet to determine where you may be overspending, and how much more you may need to borrow to meet your educational needs. Don't forget, the Student Financial Aid Office can only provide monthly living expenses for the number of months you are enrolled. If you are only enrolled for 9 months in a year, your financial aid will not be available to cover your summer expenses. If you are not working, you may need to reduce your monthly spending to stretch out your 2022-23 Expenses 2021-22 Direct Educational Expenses (Annual) CATEGORY EXPENSE Tuition Fees Books TOTAL $ - Monthly Amount Available AFTER Direct Educational Expenses $ - Monthly Expenses 2021-22 COA Your Actual Surplus/ CATEGORIES Monthly Monthly Shortage Budget Expenses Room/Board Rent $743 $743 Food $500 $500 Utilities-Electric $83 $83 Utilities-Gas $63 $63 Utilities - Water/Trash $38 $38 Utilities - Phone $82 $82 Utilities - Internet Service $51 $51 Total Room/Board $1,560 $0 $1,560 Personal/Medical Personal Care $53 $53 Personal Property Insurance $12 $12 Dental/Medical $83 $83 Laundry $19 $19 Health/Dental/Vision Insurance $190 $190 Miscellaneous $112 $112 Clothing $50 $50 Total Personal/Medical $519 $0 $519 Transportation Car Insurance $95 $95 License/Registration $20 $20 Gasoline $103 $103 Repairs/Maintenance $90 $90 Parking $13 $13 Total Transportation $321 $0 $321 Optional Expenses (Not included in COA) Credit Card Bills $0 $0 Car Payments $0 $0 Other $0 $0 Other $0 $0 Other $0 $0 Total Add'l Expenses $0 $0 $0 TOTAL LIVING EXPENSES $2,400 $0 $2,400 Surplus/Deficit Based on Income vs. Expenses $0 If the total in the "Surplus/Shortage" column is positive, you are living within the budget set by Student Financial Aid. If the total is negative, you are spending more money that what is available through financial aid. This means you will need to reduce spending or find another source of income.
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