The first step to managing educational costs is fully understanding the expenses you will incur while at DePaul. Tuition and fees are only one part of the equation — you also need to consider books, housing and transportation expenses. You can view your estimated cost of attendance on Campus Connect. Be sure to review the Understand Cost of Attendance page so you know what that number includes.
Once you list out your expenses, you will need to know how to budget to meet those expenses and how to use your financial aid funds to your advantage. Understanding the DePaul tuition structure, as well as the tuition withdrawal and refund policy, will help you plan your educational program and anticipate educational costs. Learn more on Maximize Aid.
Personal expenses also are part of your educational costs. It's extremely important that you carefully monitor your expenses and spending while you are in school. Although it may seem easy to take out loans or use credit cards, it is wise to be prudent when it comes to expenses. Create a monthly budget, and stick to it. Keep in mind that every dollar that is borrowed must be repaid after you leave DePaul.
Financial Fitness Program
We also encourage you to take advantage of DePaul's Financial Fitness Program. Learn how to plan and manage your income, expenses and investments both in college and beyond. These services, free to all students, include:
- assistance in developing a financial path to graduation
- individual financial advising on topics like:
- student loan repayment strategies
- budgeting and money management
- saving and investing
- debt management
- credit management
- identity theft protection
- financial planning workshops as requested
Visit the Financial Fitness Program website for more information.
Online Budgeting Resources
We've gathered these services, resources and tools to help you manage your costs from your first year through graduation and beyond.
- U.S. Department of Education's Financial Awareness Tool: Offers five interactive tutorials covering topics ranging from managing a budget to avoiding default. You can access your individual loan history and receive personalized feedback that can help you better understand your financial obligations.
- Kiplinger Magazine's Budget for Today and Tomorrow: Helps track your current expenses and set up a proposed budget.
- The SmartStudent Guide to Financial Aid: Includes interactive calculators for in-school and out-of-school budgeting and loan repayment estimates, along with articles about maintaining good credit.
- National Student Loan Data System and Direct Loan Online: National websites that allow students to log in for complete information about the federal loans they've borrowed. The Direct Loan site includes information about repayment of student loans and loan consolidation.
- myFico: Offers information about consumer credit scoring. An analysis of your credit score along with tips for improvement is available for a fee.
Remember, financial aid counselors at DePaul are always available to help you. We can answer questions about managing costs, budgeting, responsible borrowing, debt management and more. Contact the Office of Financial Aid.