What to use?

Sandi3
Fri, 28 Jun 2013 00:46:57 +0000

Although I have yet to get my award letter, I am unsure of what I should use to cover my personal expenses at college. Here’s the breakdown:

Room and Meals
3,967.50

Books
350.00

Loan Fee
33.00

Personal Miscellaneous
1,000.00

Transportation Allowance
653.00

Tuition
4,941.00

Term Total
10,944.50

Entire year(COA): 21,889

So far I’ve accumulated this much aid as shown here:

10,500 (500 a semester toward books, rest(4800) toward tuition)
1,000 (scholarship)
500 (scholarship)
3000 (merit scholarship)
2300 (pell grant)
1165(state grant)
1100 (school grant)
5,500 (loans 3500 sub. 2000 unsub.)
3,500 (work study)

= 28585

At this point, I know I will not need private loans/shady buis.

But I want to know what I should to cover my personal expenses. I plan on living on campus. I know my scholarship will cover most of my tuition, and some of my books, but what worries me is how to cover my personal(indirect) costs. Loan? Or A Work-Study? So far these numbers are estimates, but how am I looking financially, in your opinion(s)?

Also: are indirect expenses included in the award letter, or is my excess check just supposed to be those indirect expenses(i.e extra money toward books, supplies, laundry, e.t.c)? Does it differ per college?

Additional information: I will be majoring in Accounting and going for a four-year degree. I am also waiting on word for two other scholarships( one for 1,000, another for 2,000).