Professionals Budget Worksheet
Creating an annual budget is an important process of your educational experience; it helps you understand your total costs, how your financial aid awards help cover those costs, and any remaining balance due to Cal Lutheran after your aid is credited. When using this worksheet, refer to your Financial Aid Award Letter for a list of your offered awards.
When using this worksheet, refer to your Financial Aid Award Letter for a list of your offered awards.
Please be sure to use the applicable term's dollar amount of your award(s) for the term for which you are estimating your balance. Please do not put the full year's award on the form. You will need to complete a separate balance worksheet for each term you plan to attend.
About this Estimate
Important: This worksheet is not a bill. Cal Lutheran is providing this estimating
tool as a means for you and your family to investigate the different costs that may
be associated with attending CLU. Your actual charges and balance owed are determined
by the Student Accounts Office and sent to you in your pre-bill once you are enrolled.
In order to maximize your financial aid, it is important to make wise decisions regarding
living arrangements and choice of lifestyle. While personal and transportation expenses
are not included in our estimates, we recommend you consider them and budget accordingly.
Cost of Attendance
The cost of attendance for a student is an estimate of that student’s educational
expenses for an academic year. The Office of Financial Aid determines Cal Lutheran's
cost of attendance by calculating average expenses for students at CLU, rather than
actual expenses. Per federal regulations, the total aid a student receives may not
exceed the school’s pre-determined cost of attendance. Therefore, if you receive outside
scholarships that cause your total aid to exceed your cost of attendance, we will
need to reduce the amount of loans and work-study listed on your Financial Aid Award
Letter.
Important Note
The Office of Financial Aid understands that sometimes a family’s current financial
situation may be drastically different from the income and tax information originally
submitted on the Free Application for Federal Student Aid (FAFSA). In these situations,
on a case-by-case basis, a review of your financial information may be warranted.
Please contact your Financial Aid Counselor to discuss your situation.
If you have questions or comments about tuition and fees, please contact the Student Accounts Office. If you have questions or comments about financial aid and cost of attendance, please contact The Office of Financial Aid.