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Getting started
With the competition of Modules One and Two you now have a clear career goal that promises to meet personal and financial expectations, and a clear sense of personal spending and the changes that may be needed to spending habits. It is now time to dive more deeply into constructing budget plans that will help you plan, monitor, and adjust your financial situation over the course of your studies.
How much does it cost?
How much will it cost to go to college or university and how much will you have to spend? There are both direct and indirect costs involved. Direct costs are those incurred specifically to attend school. Indirect costs are the living expenses that continue whether you are working or going to school. The following table lists some of the costs you will encounter.
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Direct costs
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Indirect costs
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Application fees
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Rent/mortgage
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Tuition fees
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Insurance
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Books and supplies
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Getting started (hook-up charges)
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Lab fees
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Utilities
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Student fees
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Food
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Campus parking
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Transportation
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Field trips/practicums
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Clothing
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Examination fees
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Recreation/entertainment
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Personal care/medical/dental
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Where will the money come from?
On the worksheet on the next page list as many sources of money as you can think of that will help to finance your education. The list should reflect sources such as savings, ongoing employment, scholarships and bursaries, and family contributions and loans.
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