Budgeting for college

Fall semester is almost over and it’s time to think about applying for Spring. Are you ready? I’m sure you’re wondering how much it’s going to cost you, what sort of documents you need to provide, etc. Don’t worry. I’m here to help you out.

First, you have to take into consideration all sort of flat fees you will have, such as tuition and health insurance. International students are required do be enrolled in at least 12  units each semester, and health insurance is mandatory. Then, move to all ongoing expenses such as rent, transportation, groceries, books, and unexpected expenses. Make a list of everything you can think of that it will cost you money, and start your budget. An estimated cost of your expenses for an academic year (August – May) should look something like this:

  • Tuition and fees: $6,000 (this is the cost for 12 units both semester);
  • Health insurance: $1,350;
  • Public transportation: $400 (this is the cost of a bus pass for 9 months);
  • Rent: $700 (estimate cost to share an apartment with 1-2 other people);
  • Textbooks: $1,000;
  • Ongoing expenses (groceries, etc): $9,350.
  • Total: $18,800

You need to provide MiraCosta College a bank statement – or multiple ones, as long as they have been issued on the same day – proving that you (or your sponsor) have $18,800 available and accessible to you any time while you’re in the United States.

Remember, this is an estimate cost of expenses! If you want to purchase a car, you’ll have to add all the expenses that come along with it (insurance, gas, registration, etc) to your budget; furthermore, you will have to budget for more. Be wise, take your time budgeting, and make sure you’re coming here for a great experience and that you won’t be in financial trouble! =)



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