Investing in Higher Education Graduate School Financial Aid

Investing in Higher Education Graduate School Financial Aid Contact Peggy Buerhaus Senior Financial Aid Counselor University Student Financial Assistance

Cost of Attendance Varies by program and residency status – http: //www. umaryland. edu/financialservices/student-accounting/tuitionand-fees-by-school/

Average Loan Debt 2019 Graduating Class Program MS Ph. D UMB Loan Debt $ 49, 289 $ 15, 238 Average UMB debt – does not include any prior student loan debt

Sample Loan Repayment Fixed Monthly Payments Loan Debt Standard Repayment MS $ 49, 289 $ 547 Ph. D $ 15, 238 $ 169

Budget Tool Budget YOUR MONTHLY BUDGET INCOME SOURCES Financial Aid Distribution 1 Work Study 2 Other Income: 3 Other Income: 4 TOTAL INCOME-TOTAL lines 1 thru 4 5 FIXED EXPENSES Rent/Mortgage 6 Renter's or Home Owner's Insurance 7 Student Loan Payment 8 Savings Contributions 9 Car Payment 10 Car Insurance 11 Car Fuel 12 Parking 13 Cell Phone 14 Home Security 15 Cable, Internet, Home Phone 16 Electricity &/or Gas 17 Water 18 Groceries 19 Wal-Mart/Target(personal items) 20 Credit Card Payment(s) 21 Prescriptions 22 Child Care 23 Other: 24 Other: 25 TOTAL FIXED EXPENSES-Total Lines 6 thru 25 26 DISCRETIONARY EXPENSES Car Maintenance 27 Tithing/Charitable Contributions 28 Magazine Subscriptions &/or newspapers 29 Organizational dues or fees 30 Personal Care: Hair 31 Nails & Waxing 32 Gym Membership 33 Clothing 34 Dry Cleaning 35 Entertainment: Travel (airfare, bus, train, car rental) 36 Dining Out 37 CDs / I-Tunes 38 Movie Rental 39 Sporting Events, Theatre, Concerts 40 Other: 41 Pet Care: Insurance Premiums & Co-Pay 42 Food, Grooming and Toys 43 Medical (Vet) 44 Other Expenses: Other: 45 Other: 46 TOTAL DISCRETIONARY EXPENSES-Total Lines 27 thru 46 47 TOTAL EXPENSES-ADD Lines 26 and 47 MONTHLY SURPLUS (+) OR DEFICIT (-) 48 [Subract Line 48 from Line 5] Actual Difference

Shopping with $300. 00 per month

# Unit 20 Individual 3 Boxes 1 Bags 3 Boxes 1 Boxes 2 Bottles 41/2 Gallon 11/2 Gallon 3 lbs 2 lbs 4 Pouches 3 Boxes 5 Jars 1 Pkg 1 Jar 22 -liter 1 Can 1 Bottle # Unit Price Total 4 lbs $0. 50 $10. 00 $2. 50 $7. 50 15 Each 2 Heads $1. 50 2 Bags $2. 75 $8. 25 4 lbs $2. 25 4 Each $1. 99 $3. 98 2 Each $1. 65 $6. 60 3 Each $2. 99 3 lbs $2. 49 15 lbs $2. 99 $8. 97 2 Loafs $2. 99 $8. 97 2 Bags Salmon $8. 99 $17. 98 2 Dozen Tuna $1. 49 $5. 96 1 lbs Pasta $1. 00 $3. 00 Pasta Sauce $2. 25 $11. 25 28 oz Bags Tortillas $1. 99 2 lbs Salsa $2. 49 1 Jar Soda $1. 50 $3. 00 1 Jar Coffee grounds $5. 00 2 Bags 46 -pks Creamer $2. 25 Product Yogurts Granola Bars Rice Cereal Waffles Condiments Milk Orange Juice Apple Juice Chicken Ground Meat Product Bananas Apples Lettuce Spinach Carrots Cucumbers Red Peppers Onions Tomatoes Potatoes Bread Bagels Eggs Sliced Cheese Shredded Cheese Lunch Meat Peanut Butter Jelly Chips/Pretzels Apple Sauce Price Total $0. 59 $2. 36 $0. 55 $8. 25 $1. 99 $3. 98 $2. 49 $4. 98 $0. 99 $3. 96 $2. 49 $4. 98 $0. 47 $1. 41 $2. 99 $8. 97 $3. 99 $1. 99 $3. 98 $2. 15 $4. 30 $1. 99 $3. 98 $2. 99 $2. 50 $5. 00 $5. 99 $11. 98 $2. 99 $2. 00 $2. 99 $5. 98 $2. 25 $9. 00

Important Links: Free Application for Federal Student Aid (FAFSA): www. fafsa. gov Direct Loan Request Form: https: //inweb. umaryland. edu: 9083/imagenowforms/webform/588 ac 3 ac-b 0 c 54 c 60 -81 ad-03974037568 d/ Direct Loan Website for Entrance Counseling, Master Promissory Notes, etc. https: //studentloans. gov/my. Direct. Loan/index. action Financial Aid Website: www. umaryland. edu/fin