StudentTips – Student Budget Worksheet

STEP 1 – Monthly Income Sources (if married, include spouse’s income)

●Jobs and wages (after taxes):

→Make sure to reportmonthly net income.

→Calculate job and wages income based on an actual joband income onceinschool, as

you may be reducing work hours to accommodateschool.

→If calculating projected income, be conservative.

●Financial Aid:

→Check Pipeline to make sure all financial aid is reflected.

●Total monthly income: Check math; make sure every line is filled with an amount or 0.

STEP 2 – Monthly Fixed Expenses (if married, include spouse’s expenses)

●Tuition:

→Out-of-state:Multiply # units x $225/unit (enrollment fee and non-resident tuition) plus

$11/month for the health, student rep, and transportation fees

→CA resident w/BOGW:$11/month to cover health, student rep, transportation fees for fall/spring

CA resident no BOGW:Multiply # units x $46.00/unit enrollment fee, plus $11/month for the health, student rep, and transportation fees

●Books/Supplies:

→$194.00/month = Books/Supplies budget divided by 9 months.

●Other:

→If you have children, make sure to note any child or infant-related fixed expenses, such asdiapers, medication, child care, costs for sports or extra-curricular programs, etc.

→Make sure to note your own monthly medication expense, if applicable.

●Total Monthly Fixed Expenses: Check math; make sure every line is filled with an amount or 0.

STEP 3 – MonthlyVariable Expenses (if married, include spouse’s expenses)

Make sure monthly variable expense seems like a reasonable monthly expense, i.e. a yearly travel expense of $1000.00 would be divided by 9 months (academic year).

●Other:

→Calculate variable one-time expenses, such as dental work or car repair, by dividing one-timeexpense by 9 months. Put calculated monthly amount in ‘Other’.

→Haircuts; miscellaneous personal expenses not covered by ‘Groceries/Toiletries’.

●Other:

→Various programs have certain one-time educational expenses. Average these expenses over the9-month school year. Examples of some one-time educational expenses are as follows:

□Software □Uniforms□Cosmetology kit

□MDT equipment, swim test, etc.□Tools/equipment for Auto or Culinary program

●Total Monthly Variable Expenses: Check math; make sure every line is filled with an amount or 0.

Most of all, make sure your listed income and expenses reflect your accurate expenses. Our goal with the student budget worksheet is to help you assess your actual expenses and help you avoid over-borrowing!