College Reality - Cuyahoga Valley Career Center · College Reality Exploring the hidden costs of...

OHIO STATE UNIVERSITY EXTENSION

College RealityExploring the hidden costs of college

INCOME BUDGETED ACTUAL DIFFERENCEFinancial Aid $ $ $Loans $ $ $Parental Contribution (EFC) $ $ $Scholarships $ $ $Supplemental Income $ $ $Other Income $ $ $

Total $ $ $Total Semester Income $

ACADEMIC EXPENSES BUDGETED ACTUAL DIFFERENCEBooks $ $ $Computer (Desktop, Laptop) $ $ $Tuition $ $ $Other Academic Expense $ $ $

Total $ $ $LIVING EXPENSES BUDGETED ACTUAL DIFFERENCE

Appliance & Miscellaneous $ $ $Cell Phone Service $ $ $Dorm Room/Apartment (Utilities) $ $ $Food/Meal Plan $ $ $Furniture $ $ $Health Insurance $ $ $Transportation (Bus, Bike, Car) $ $ $Other Living Expense $ $ $

Total $ $ $PERSONAL EXPENSES BUDGETED ACTUAL DIFFERENCE

Clothing & Personal Items $ $ $Entertainment $ $ $Other Personal Expense $ $ $

Total $ $ $Total Semester Expense $

Savings Account $ $ $Total Savings $

College Semester Budget Worksheet Accepted to: _____________________ Major __________________________

After completing all stations;• Add all totals from budgeted column and place total amount on the Total Semester Expense budgeted line.• Add all totals from the actual column and place total amount on the Total Semester Expense actual line.• Compare the two totals. Do you have enough money to pay for college?• What can you do right now to plan for college expenses?


Financial Aid

• Draw a card to determine financial aid• Place total financial aid in the actual column

fafsa.ed.govPay attention to deadlines!

Get help paying for college. Fill out your FAFSA form at:


Parental Contribution (EFC)

• Draw a card to determine parental contribution• Place total contribution in the actual column

Questions to ask your parent/legal guardian about college:

Can we talk about college?

Is it possible for you to help me pay for college?

Can you help me complete my FAFSA?

Will I be able to work part-time?

Do you have scholarship suggestions?

Can we talk to a financial consultant about college loans?

What are your financial and academic expectations for me?


Campus Dining Service $8.10/Hour 15 Hours/WeekComputer Repair $12.00/Hour 10 Hours/WeekFactory Worker $9.00/Hour 15 Hours/WeekFarm Worker $8.10/Hour 20 Hours/Week

Fast Food Cook $8.10/Hour 10 Hours/WeekGas Station $8.10/Hour 15 Hours/WeekInternship $10.00/Hour 20 Hours/WeekLandscaper $11.00/Hour 10 Hours/Week

Library Assistant $8.10/Hour 20 Hours/WeekMaintenance Worker $11.00/Hour 10 Hours/Week

Nursing Home $8.10/Hour 10 Hours/WeekOn-Campus Job $8.50/Hour 20 Hours/Week

Receptionist $8.95/Hour 10 Hours/WeekRestaurant Host/Hostess $10.00/Hour 15 Hours/Week

Restaurant Waiter/Waitress $3.50/Hour 10 Hours/WeekRetail Store Assistant $8.10/Hour 15 Hours/Week

Secretary $10.50/Hour 10 Hours/WeekStadium Grounds Crew $9.50/Hour 15 Hours/Week

Tutor $10.00/Hour 15 Hours/WeekWork Study Program $8.10/Hour 10 Hours/Week

Supplemental Income

• Pick a card to determine supplemental income• Calculate total supplemental income for 1 Semester (4 Months)• Place total supplemental income in the actual column


Scholarships & Grants

• Select a card to determine grants and scholarships• Place total scholarship & grant amount in the actual column

Community Organizational Scholarship(Active Participation in Organization) $500.00

University Based Scholarship $1,000.00

College Now Scholarship $2,000.00

Service Scholarship $2,000.00

Athletic Scholarship $2,500.00

Merit Scholarship $3,000.00

Ohio College Opportunity Grant $5,000.00

Morrill Scholarship All Academic Expenses Paid


Student Books

• Declare major on budget worksheet• Choose three required classes (highlighted) and two degree specific classes

and purchase the corresponding books *Only three used books may be purchased

• Place total book cost in the budgeted column

Agriculture & Animal Sciences $75.25/ Used $61.25

Architecture Engineering Manufacture & Transport $89.25/ Used $76.05

Arts & Humanities $55.50/ Used $46.75

Business & Economics $92.50/ Used $78.25

Communication & Media $83.00/ Used $67.75

Computer Science & Technology $72.50/ Used $58.75

Education $75.95/ Used $64.30

History & Geography $85.75/ Used $72.85

Languages & Literature $65.85/ Used $56.25

Law & Criminal Justice $110.50/ Used $97.75

Math $95.25/ Used $81.50

Medicine $125.00/ Used $107.50

Science $120.50/ Used $103.35

Social Science $78.75/ Used $66.75


Computer & Office Supplies

• Choose either a desktop or laptop computer• Add all three supply packages to computer choice• Place total computer cost in the budgeted column

Desktop Computer $869.98

Laptop Computer $969.98

Tablet $749.98

Computer Accessory Package (Surge Protector, Extension Cord,

Ethernet Cables, Flash Drive)$59.95

Printer Package (Ink Cartridge & Copy Paper) $120.99

School Supplies (Backpack, Pens, Mechanical Pencils,

Highlighter Pens, Notebooks, 3x5 Note Cards, Folders, Post-it Notes, Scissors,

Ruler, Stapler, Staples, Paper Clips)

$91.99


Appliances & Miscellaneous

• Select either apartment or dorm package• Add all three essential kit cost to living choice• Place total appliance cost in the budgeted column

Dorm Ready Package (Compact Refrigerator, Area Rug, Fan, Iron,

Waste Paper Basket)$237.97

Apartment Ready Package(Pots, Pans, Coffee Maker, Microwave, Toaster,

Iron, Fan, Trash Can)$350.98

Kitchen Essentials Kit (Plates, Forks, Knives, Spoons, Cups, Bowls, Dish

Detergent, All Purpose Cleaner, Paper Towels) $62.95

Clothing Essentials Kit(Clothes Hangers, Laundry Basket, Laundry

Detergent, Fabric Softener)$26.49

Bed and Bath Essentials Kit(Pillow, Pillowcase, Blanket, Sheets, Towels,

Washcloths, Storage Containers, Toolkit)$225.49


Cell Phone Service

Cell Phone Basic Plan $50.00/Month

Cell Phone Moderate Plan (Includes Limited Data Package) $75.00/Month

Cell Phone Executive Plan(Includes Unlimited Data Package) $100.00/Month

• Select one cell phone plan• Calculate expenses for 1 Semester (4 Months)• Place total cell phone service cost in the budgeted column


Student Housing

Dorm Room $700.00 Per Month/ Utilities Included.

Apartment$800.00 Per Month/

Some Utilities Included, 1 Year Lease

Utilities (Electric, Gas, Water, Trash)No Internet $240.00/Month

Utilities (Electric, Gas, Water, Trash)With Internet $280.00/Month

• Choose to live in dorm or apartment• Add a utilities package to total if apartment is chosen• Calculate housing cost for 1 Semester (4 Months)• Place total housing cost in the budgeted column


Meal Plan

Groceries $400.00/Month

Campus Meal Plan $1,000.00/Semester

Restaurant $15.00/Meal

Fast Food $5.00/Meal

• Choose Groceries or Campus Meal Plan• Add one restaurant and two fast food meals per month• Calculate meal costs for 1 Semester (4 Months)• Place total food cost in the budgeted column


Furniture

• Select furniture according to your living space• Place furniture cost in the budgeted column

Dorm (Lamp, Book Case, Office Chair) $190.00

Apartment Bedroom (Bed Frame, Mattress, Bedspring,

Dresser, Mirror)$450.00

Apartment Living Room (Futon, Coffee Table, 2 Sofa Tables,

Television Stand, Television)$800.00

Apartment Personal Office (Desk, Chair, Lamp, Book Case) $325.00

Apartment Dining Room (Tables, Chairs) $250.00


Student Health Insurance

• Roll Health Insurance Dice to determine insurance need• Calculate immunization cost to your health insurance• Place total insurance cost in the budgeted column

Meningococcal Disease or Meningitis Immunization $70.00

Health Insurance (If needed) $1,216.00/Semester


Student Transportation

• Choose at least one mode of transportation • Calculate transportation costs for 1 Semester (4 Months)• Place total transportation cost in the budgeted column

Bus Fee $16.50/Semester

Bicycle Repair $29.99/Year

Bicycle Tire Repair $19.99/Year

Vehicle Gasoline Cost $120.00/Month

Vehicle Parking Permit $65.00/Month

Vehicle Insurance $600.00/6 Months

Vehicle Maintenance $150.00/Semester


Clothing & Personal Items

• Calculate all clothing and personal items total• Place total clothing and personal items cost in the budgeted column

Essential Toiletries (Toothbrush, Toothpaste, Dental Floss, Razor, Shaving Cream, Lotion, Facial

Moisturizer, Q-Tips, Hair Products, Hair Brush, Body & Face Wash, Deodorant,

Nail Clippers, Tweezer)

$71.95

The Casuals (Shirts/Blouse, Jeans/Dockers, Tennis Shoes/Boots) $155.00

Weather Wears (Jacket/Sweater, Rain Coat, Gloves, Scarf, Hat, Umbrella) $99.99

Sleepwear (Robe, Pajama, Slippers) $44.99

Over the Counter Medicines $30.00


Entertainment

• Budget at least one event per month• Calculate entertainment costs for 1 Semester (4 Months) • Place total entertainment cost in the budgeted column

Movie $9.75

Popcorn & Soft Drink $9.00

Professional Sports Event $55.49

Semi-Professional Sports Event $23.98

College Sports Event $14.49

Concert $54.49

Get Together with Friends $8.49


School Fees

• Draw card to determine required school fees• Place total school fee cost on the other academic expenses line in the

budgeted column

Lab Fees $95.00

Activity Fees $37.50

General Fees $186.00

Club Fees $22.00

Technical Fees $108.00

Material Fees $43.00

Application Fees $25.00

Course Fees $156.00


Checking Account Fees (to Purchase Checks) $15.00

Over Draft Fees $35.00

Credit Card Fees $35.00

ATM Fees $3.00

Debit Card Fees $1.00/Transaction

Bank Services

• Choose a card to determine your bank service expenses• Roll dice to determine debit card fees• Place total bank service cost on the other living expense line

in the budgeted column


• Choose 3 graduation expenses• Place total graduation cost on the personal expenses line

in the budgeted column

Cap & Gown $50.00

Tassel $15.00

Cap Gown & Tassel/Package $68.00

Women Class Ring $400.00

Men Class Ring $500.00

Invitations Pack of 30 $37.99

Announcements Pack of 25 $64.95

Photographs $198.75

Graduation Cake (Serves 30) $62.99

Graduation


Savings Account

• Draw a card to determine the amount of money you have saved for your education

• Place total savings amount in the actual column

Remember the sooner you start saving for college the less you will need to depend on scholarships, grants, and loans. It will also impact how much debt you owe upon graduation. It is important to develop a plan;

Set Goals

Start Saving Now

Adjust Your Spending

Set Up Automatic Deposits


College Reality - Cuyahoga Valley Career Center · College Reality Exploring the hidden costs of...

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