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Get the latest on college finances, financial aid, student loans, college stories and more. The SMB College Life Blog keeps you informed the things that will affect your college life.

Calculating Your College Costs

It is important to calculate your college costs so that you know exactly how much you will need to pay for college. You should be aware that tuition is not the only cost involved in your college education. You will also have to pay for housing, food, textbooks, and you'll want to make sure that you have some weekly spending money. Once you have an idea of how much money you'll need to fund your college education you can begin searching different sources to raise the money you need. The best way to fund your college educations is by searching for scholarships and grants. Your final resort should be student loans, but know that at least 90% of all college students take out some amount through student loans to pay for their education.

However you decide to pay for college you should start with the basics. You need to have some idea of how much you will need to pay. You can use the calculator provided below to get an idea of how much you'll need to spend on college this year. After you have calculated a few different estimates you can begin to search for the money you need to pay the bills.

College Cost Calculator

Number of semesters per year:

Weeks per semester:

Tuition per year: $

Housing per year: $

Textbooks per semester: $

Weekly spending per week: $

Meal expenses(groceries or meal plan) per year: $

Best grant and scholarship books to purchase

These two books are among the best resources for finding and applying for grants. They list grants by state, major of interest, and more in about 1000+ pages.

 

Purchase on of the following books for more information on paying for college

Other Resources and free downloads:

Financial Aid
Scholarships
Student Loans
College Search
College Cost Calculator
The Common College Application
Financial Aid Packet 2008-09The Official US Department of Education's Student Funding PDF for 2008-09
(Reach Program)