COST OF EDUCATION: This is the estimated average amount for expenses at Northern according to your residency classification, living arrangements, hours enrolled, and program of study. This budget uses average costs and includes everything from tuition and fees to miscellaneous expenses. Expense budgets may also include adjustments for child care, and costs related to a disability or other non-discretionary expenses.

Since expense budgets reflect average costs, you may spend more or less than the amounts allowed. For example, you may only spend $500 on books and supplies even though the amount budgeted is $1,200. However, you may pay more for your personal expenses than the amount budgeted. The amount you spend, except for tuition and fees, is up to you and depends on your own individual lifestyle, priorities, and obligations.

The estimated expense budget for the 2007-08 (nine months) academic year includes the following (fees will vary for graduate students):

	Resident	Non-Resident
Tuition/Fees	$ 4,840.00	$13,400.00
Room/Board	$  8,000.00	$  8,000.00
Books/Supplies	$ 1,200.00	$  1,200.00
Misc/Travel	$ 3,000.00	$  3,000.00
Total	$17,040.00*	$25,600.00*
*All amounts subject to change without notice.

Tuition and Fees: Average charges for basic instructional costs and mandatory fees. Actual fees paid may vary based on the number of credits carried each semester.
Room and Board: An average amount for housing and food charges for students living on or off campus.
Books and Supplies: A standard allowance for required books and supplies.
Transportation: A modest allowance for non-local transportation, such as a trip from campus to home.
Personal Expenses: Entertainment, medical, laundry, toiletries, clothing, etc.

If attendance is less than or greater than nine months, or if enrollment is less than 12 credit hours per semester, budget components will be prorated accordingly. Please remember, financial aid often cannot meet all of your costs while attending MSU-Northern, so it is very important for you to manage your financial resources wisely.

EXPECTED FAMILY CONTRIBUTION: Since financial aid is designed to assist with your educational expenses, Expected Family Contribution is the amount that you and your parents (if applicable) are expected to contribute toward your costs. This amount is determined from information provided on your Free Application for Federal Student Aid (FAFSA) according to a formula established by Congress.

OTHER FINANCIAL RESOURCES: This component represents other known and expected financial resources you will have available to assist you with your educational costs, such as scholarships, Veterans Education Benefits, etc.

Your eligibility (financial need) is calculated by subtracting your Expected Family Contribution and Other Financial Resources from your allowable Costs of Education.

 

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