Student Budget

The standard student budget represents average costs for most students, and establishes an annual limit on financial aid (grants and loans from all sources) available to each student. Each year, the Financial Aid Committee reviews Bureau of Labor Statistics data in conjunction with local area rental rates and student-reported expenses to arrive at a reasonable budget that allows for a moderate standard of living.

Please note that the 2010-11 Student Budget has not yet been set.

2009-2010 Standard Student Budget (9-mo. academic year)

*The standard budget includes a nine-month room/board/personal expense living allowance of $18,457, which works out to a monthly allowance of $2,051. We intentionally do not provide our interpretation of how this amount of money should be broken down across various expense categories. This is a highly personal decision; therefore, we leave it to you to allocate this allowance among your living expenses based on your particular needs and priorities. The only thing that matters from our perspective is that you use the $18,457 as your bottom line for living expenses during the nine-month academic year.

Please review the policy section of our website for more detailed information regarding student budget policies.