Estimating Your Costs
In addition to the budget estimates (view term links on the left-hand menu), you may want to review the FSU Net Price Calculator for an estimate of costs and average aid awarded. The FSU Net Price Calculator is a broad estimator of cost and financial aid, and does not represent an individual offer of aid. (The calculator is intended for undergraduate students only, and does not represent costs or average aid awarded to graduate, medical or law students).
Note: Tuition rates can be seen here.
A college education is an important investment. The FSU Office of Financial Aid awards over 280 million dollars of assistance each year to eligible students in the form of scholarships, grants, work-study, and loans to help them achieve their educational goals.
In order to award aid, a school must first establish an estimated cost of attendance. This includes fixed rate amounts, such as tuition and fees, as well as amounts that must be estimated, such as room, board, books, transportation, and personal expenses (laundry, toothbrushes, etc.).
Based on the estimated cost of attendance and the information from the FAFSA, the FSU Office of Financial aid processes award offers to continuing and admitted students.
Need based aid, such as Federal Grants, Work-Study, Federal Loans, State Grants and University Grants, can be awarded up to the amount of need established by the federal formula. Loans such as the Federal Unsubsidized Stafford Loan and the Parent Loan for Undergraduate Students (PLUS) or Graduate PLUS loan can be awarded beyond the calculated need, up to the amount of the cost of attendance. The total of all aid awarded, however, cannot exceed the cost of attendance as established by the school.
The estimated cost of attendance is not a reliable estimate of your actual cost or budget.
As a result of financial aid being awarded based on a budget, it is imperative that students live on a budget to maximize the full benefits of their award offers. This workbook is designed to assist students with creating a personalized budget. This workbook has 3 worksheets: the summary worksheet with % income spent, total income, total expenses and a comparison chart; A Semester Income worksheet; and a Semester Expenses worksheet.
Reminder, all award offers are estimates and can change based on eligibility, availability, enrollment, dropped classes, grades and outside resources.