2009-2010 Student Estimated Cost Worksheet

This worksheet is designed to help you to plan for your educational expenses at TLU. By entering your planned enrollment, housing and meal plan choices, and your financial aid, you can determine if there will be a remaining balance or if your financial aid covers your estimated billed costs. Billed costs include tuition, fees, room and board. Although books are an expense that you will incur each semester, we have not included the costs of books in the calculator since books are purchased separately and are not included on your TLU bill. We estimate that books will cost $475 per semester. You can experiment with loan amounts to determine how borrowing will affect your balance due and you may use this worksheet to help you determine your financing options. For help with completing this worksheet, entering students may contact their Admission counselor and current students may contact a Financial Aid counselor

Directions

From the drop down menu, choose your planned enrollment by semester. For example, if you plan to enroll for 14 credit hours in the fall, choose 12-17 credit hours.
From the drop down menu, choose your housing/ room preference. If you will be living off campus or with your parents, choose "not applicable".
From the drop down menu, choose your meal plan option. If you will not be purchasing a meal plan, choose "not applicable".
If there are any additional charges such as private music lessons or lab fees, please enter the academic year amount in the space provided.
From your financial aid award letter, enter the scholarships & grants offered to you in the spaces provided. If you have contributed to the Texas Tomorrow Fund (www.TGTP.org) or will be receiving benefits from ROTC, Chapter 31 Veteran's Benefits, or any other source that is paid directly to TLU but not listed on your award letter, enter the estimated academic year amount you will receive in "Other". Please notify the Business Office of these additional benefits.
From your financial aid award letter, enter the loans that you have been offered that you plan to accept (borrow). If you don't know whether you want to borrow the loan(s), look at the financing options results both with the loans entered and without the loans entered so that you can tell how borrowing will affect your balance due.

Estimated Costs to Attend TLU:
	Choose the correct response from the drop down box.	Academic Year	Per Semester
Tuition (enter planned enrollment)
Activity Fees		$	$
Room (assumes double occupancy in Residence Hall Rooms)
Meal Plan
Optional Charges such as Private Music Lessons, Lab Fees, Parking etc.		$	$
Estimated Total Charges to Student Account
Scholarships & Grants Please enter into the spaces provided below the financial aid that was offered to you on your award letter.		Academic Year	Per Semester
Academic Scholarship (PACE, AEA, etc.)		$	$
Other TLU Scholarships		$	$
Tuition Equalization Grant (TEG)		$	$
LEAP/SLEAP		$	$
Pell Grant		$	$
SEOG		$	$
Academic Competitiveness Grant (ACG)		$	$
National SMART Grant		$	$
Outside Scholarships		$	$
Other		$	$
Total Scholarships & Grants
Estimated Balance (Estimated Charges less Scholarships & Grants)
Student Loans If you were offered student loans, please enter in the spaces provided below the amount you wish to borrow.		Academic Year	Per Semester
Federal Stafford Loan - Subsidized		$	$
Federal Stafford Loan - Unsubsidized		$	$
Federal Perkins Loan		$	$
Total Loans
Estimated Balance Due (Estimated Charges Less Scholarships, Grants & Loans*
*Negative amounts indicate a credit balance which will be refunded to the student after the 12th class day each semester. Positive amounts indicate a balance due.
Financing Options
If you have a balance due, you can choose one or more of the financing options listed below. For example, you can borrow 50% through a Parent PLUS loan and either pay the rest in full or through a payment plan. Note: Tuition, fees, room and board are charged on a semester basis. Prelimary bills showing actual charges are sent to students in July for the Fall semester and December for the Spring semester. Academic Year amounts are provided below so that you can determine the amount of loan(s) you may want to borrow.
		Academic Year	Per Semester
Option 1: Payment in Full
Option 2: Payment Plan
TLU offers payment plans for the convenience of our students and parents who need to split the balance due each semester over several months. Payment plans are calculated by semester. A one percent (1%) interest fee is charged each month based on the balance due at the beginning of the month. The second, third and fourth payments below include the estimated interest charges.
	Fall/Spring		Per Semester
First Payment	Due August 3/January 4
Second Payment	Due September 15/Feburary 15
Third Payment	Due October 15/March 15
Fourth Payment	Due November 16/April 15
Option 3: Parent PLUS Loan (for parents of undergraduate students) - The amounts shown here reflect the amount you need to borrow to pay the balance due. The amounts are larger than the amount due as an origination fee of 3% is charged by the lender on all Parent PLUS loans. If you wish to borrow for the cost of books, add an estimated $475 per semester to the total you borrow. We recommend that you borrow for the amount needed for the academic year to avoid having to apply for the loan multiple times during the year.
Option 4: Signature Student Loan or Other Alternative Loan The amounts shown here reflect the amount you need to borrow to pay the balance due. Before borrowing, review the fees and conditions of the loan. Based on the amount of fees that a lender charges up front, you may need to borrow more than the amount shown. If you wish to borrow for the cost of books, add an estimated $475 per semester to the total you borrow. We recommend that you borrow first from the Federal Stafford loan programs before borrowing from alternative loan programs. We also recommend that you borrow the amount needed for the academic year to avoid having to apply for the loan multiple times during the year.

RELATED LINKS

2009-2010 Student Estimated Cost Worksheet

Directions

Estimated Costs to Attend TLU:

Scholarships & Grants

Student Loans

Financing Options

Option 1: Payment in Full

Option 2: Payment Plan

Option 3: Parent PLUS Loan

Option 4: Signature Student Loan or Other Alternative Loan

QUICK LINKS