Calculating the Amount Due

This worksheet should help you to calculate your 2009–2010 direct costs after you financial aid. Print out the worksheet for your own use.

Cost of Attendance
  1 Tuition, Room and Board
This includes $36,500 in tuition, $11,000 in room and board for the 2009–2010 academic year.		 $47,500
+ 2 Yale Health Plan
This includes $1,338 in hospitalization insurance and $514 in supplemental prescription coverage. You may waive the hospitalization (only if you already have valid and sufficient hospitalization coverage) and/or the optional supplemental coverage by submitting a online waiver form with the Yale Health Plan.		 $1,852
= 3 Total Direct Charges $49,352
Loans and/or Scholarships
  4 Scholarship & Gift Aid (From Award Notice. Do not include any outside resources that have not yet been reported to SFS) $________
+ 5 Stafford Loan* (Less 1.5%, if applicable) $________
+ 6 Perkins Loan $________
+ 7 Other Student Loan $________
 

If you are receiving any awards that are not listed on your award letter, you should notify us of them so that we can adjust your financial aid package. You should notify us by submitting the Outside Scholarship Update Form, available on our website.

*There is a 1% origination fee, and a .5% federal default fee associated with the Stafford Loan that you should consider in your calculation. For example, if your Stafford Loan amount is $3,500 you should deduct 1.5%, if applicable, and list only $3,447.50 as a part of your calculation.

  
= 8 Total Deductions (Total of 4+5+6+7) $________
Calculation
  9 Balance Due (Subtract 8 from 3)
This is the total amount of tuition and fees that you will be billed for the academic year, with approximately ½ due August 1 for the fall semester and approximately ½ due December 1 for the spring semester. In your planning, please note that this amount does not include the cost of books, supplies, travel, or personal expenses.		 $________