Expenses covered by myself
Cell Phone $45.95/mo.
Hockey (fees) $42/mo.
Room (rent and utilities) $532.50/mo. (Rent: $900/mo. +Utilities: $165/mo. /2 people)
One time Expenses covered by Parents, saving, scholarships, Grandparents and Myself
Tuition $41,590/year ($10,000 by parent, $10,000 by grandparents, rest by me after I am done college)
Entry Fees $228/year (first year only)
Insurance (car and medical) $966/semester
Part Time Job $1620/mo. during school (September-April) (before taxes) (month= 30 days)
Parental Support $10000/yr.
Grandparent Support $10000/yr.
Part B: After the first year of school I will be in a large deficit for money because with school I am being limited to working only twenty four hours a week (six hour
shifts four times a week) at $15 (I work at Sobeys where there is a union so we make slightly more then minimum wage plus after a 1000 hours of work my play
gets increased by 50 cents per hour) leaving me with a slight deficit at the end of every month
However by the start of school next year I will be in only a slight deficit because I will be working full time in the summer at Sobeys, with forty hours a week at
$16 an hour making approximately $3840 prior to taxes (8 hours a day working 30 days from May-August)
By the end of my fourth year of school I will be in a slight deficit of approximately $59,245.60 however once I am done college I have a lot of time to work to
pay off my fees as well as looking for a full time job as a lawyer.
By the end of my 4-year bachelor degree my parents and grandparents will have spent $80,000 on my education ($20,000 a year over 4 years)
Loan amount $59,245.60
Interest rate 2.5%
Amortization 10 years
Payment amount $558.51
A=A (0+r) n
A=$256570.84 http://web.eecs.utk.edu/~mclennan/Classes/US210/Greek-play.html#tragedy Tuition $41,590 Fees $228 Books $1,300 Total: $43,118
Room* $1,065/mo. $9,585 Board $355/mo. $3,200 Transportation $194/mo. $1,750 Personal
$362/mo. $3,255 Total: $17,790
Room = Rent: $900 x 9 months = $8,100
Utilities: $165 x 9 months = $1,485
Medical Insurance Fall Semester (8/7/2011 – 1/8/2012)
Medical Insurance Spring Semester (1/9/2012 – 8/6/2012)
Freshmen Orientation Fee
Identification Card Fee
Campus Health Fee (Infirmary)