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Books & Supplies College students must purchase the books required for their classes along with notebooks and other materials. Usually totals several hundred dollars per semester, but the amount will vary depending on your classes. Federal Work-Study Through the Federal Work-Study program, students are employed on campus and paid through a combination of federal and school funds. Students are typically expected to work 5-10 hours per week. Employment is arranged through the financial aid office and can range from shelving books in the library to assisting a faculty member with research, depending on a student's interests. Work-study income is often expected to be put toward the cost of books, supplies, travel, or personal expenses. If you need to buy plane tickets or textbooks before you start receiving work-study paychecks, it may be necessary to borrow money from your savings or another source. Grants Money from the federal government, state government, and/or a college/university that the student does not need to pay back. This money is usually paid directly to the college without passing through the student's hands. Parental Contribution Amount that a student’s parents are expected to pay directly to a college. This amount is calculated using the information in the FAFSA and other required financial forms. Personal Expenses Any extra expenses that the student may incur, such as purchasing toiletries or seeing a movie. Some school-related fees (for labs, music lessons, etc.) may also be expected to come out of the personal expense budget. Room & Board Costs associated with living and eating on campus. Student Loan Money that a student borrows from the government or a private company that must be repaid with interest. Subsidized loans are awarded on the basis of financial need and do not accrue interest while the student is enrolled full-time. Unsubsidized loans are not need-based, and they usually begin accruing interest immediately. Student Savings Contribution A percentage of the money in a student's savings account or investments that a college expects the student to contribute toward the cost of education. Student savings and investments must be reported on the FAFSA, CSS Profile, and other financial documents that the student submits to the college. Colleges may expect students to contribute up to 50% of their savings. Summer Work Contribution The portion of a student's summer work income that is expected to be used for college expenses. The summer work contribution is often used to subsidize travel or personal expenses. Students should plan to work during the summer before freshman year to meet this earnings requirement. The expected summer work contribution may increase slightly from year to year. Travel Costs associated with transportation to and from college at the beginning and end of the school year, and for winter break. Tuition Cost of educational instruction at a college.
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