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Determining Your Needs
Before you can make plans for studying at Olin and living in St. Louis, you should take a realistic look at your expenses versus your resources. The budget below includes estimated costs for the academic year 2008/2009. Keep in mind that costs typically increase four to six percent each year. Tuition and fees will be a set price, whereas the other areas will vary by individual. In addition, space is provided to list all of your anticipated resources. When you complete this section, you should have an idea of additional resources you will need to attend the Olin School of Business. At that point you will be prepared to decide how much of the offered financial aid you will need to accept.
Do your homework. Make a reasonable estimate of your potential income and borrow only what you need. Managing your repayment obligation is critical to establishing and maintaining a sound credit history.
Nine Month Budget Estimate for 2008-2009:
| Expenses |
Fall
2008 |
Spring 2009 |
Resources |
GO! Program Fee
(First Year Students only) |
500 |
- |
- |
| Tuition |
20,250 |
20,250 |
Savings _____________ |
| Fees |
75 |
75 |
Employment income until school begins _____________ |
| Student Health Insurance (Required) |
343 |
343 |
|
| Books & Supplies (includes laptop computer) |
1,200 |
1,200 |
Scholarship Aid _____________ |
| Room and Board (Rent, Gas, Electric, Food, Telephone, etc.) |
8,400 |
8,400 |
Other _____________ |
| Personal & Misc |
2,434 |
2,434 |
|
| TOTAL |
32,702 |
32,702 |
TOTAL ____________ |
| First Year TOTAL |
33,202 |
32,702 |
TOTAL ____________ |
Expenses - Resources = Financial Aid Needed
We recommend that you try to live within our budget to keep your overall student loan borrowing as low as possible. Student health insurance is required for all students.
You are unable to borrow more than the total cost of education. If you have extenuating circumstances that warrant consideration, please contact the Graduate Financial Aid office.
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