Columbia, MO 65211
573-882-3097
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15 Jesse Columbia, MO 65211 573-882-3097 |
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BILLING AND PAYMENT PROCESS
ESTIMATING YOUR BUDGET
Few students pay for college from just one funding source. You will likely use some combination of savings, parent or family
contributions, scholarships, grants, loans and work study. It is important that you understand how much it will cost you, for
all your expenses, to attend college. Once you have done this, you can match up this information with available funding
sources to know exactly where the funds will come from. Time spent planning now will save time and money later and help
reduce money concerns so you can focus on the primary reason you are here – to learn!
To help you plan for all of your expenses, a budget worksheet has been provided
for you. It will allow you to do what if” scenarios using a variety of circumstances. For
example, you can calculate the total amount of financial support (funding sources) you will need “if” you bring a car to
school. Going through this process will help you understand the true cost of attending college and plan for expenses you may
not have thought of otherwise. Remember to be consistent in your calculations by using the appropriate annual, or per
semester, amounts throughout the worksheet depending on the time frame over which you want to prepare your estimates.
(Use of the worksheet requires Excel.)Helpful links for completing the worksheet are: What will MU cost me? Financial Aid - Budget Residence Hall rates |