College Monthly Budget
This spreadsheet helps you plan for the monthly outlays of cash that you will need to make while the student is in school. The budget focuses on monthly loan payments for academic and personal expense allowances.
To calculate the loan payments, you will need to make assumptions about interest rates and loan term. To calculate the monthly budget plan amount, you must assume a number of months per year. Many financial aid and private company budget plans assume 10 monthly installments.
To view the template, click the worksheet tab labeled Template at the bottom of the screen or press CtrlPgDn. With the exception of data entry cells, all cells are protected. Use the Tab key to move from one unprotected cell to the next.
College Monthly Budget Plan
Enter the name of student here Enter name of college here Billed expenses
Tuition Room and board Fees Total Year 1 Year 2 Year 3 Year 4
Other Related Expenses
Books Supplies Personal expenses Transportation Total Total annual education cost Less: Scholarships Grants Federal education loans Work-study Parent Loans Total aid and loans Amount to be paid from savings or via budget payment plan Cash Flow/Budget Data Number of months in budget (check with budget plan service) Monthly payments from personal budget Term on parent loan Annual interest rate on parent loan Monthly payments on parent loan (year-by-year - not cumulative)