How Budgets Are Calculated

Student budgets can only include costs of attendance for the individual student. Additional living allowances for married students or students with children are not included. A standard child care allowance, however, may be included — depending on the ages of the student’s children.

Following is a brief description of how these budgets are derived. Budgets are based on a two-semester academic year and vary according to academic classification and residency status:

  1. Tuition/Fees
    Fees for undergraduate students are based on an average of 30 credit hours of 0-4999 level courses. Graduate tuition fees are based on 24 class hours from 5000-9999. Students enrolled in professional programs in dentistry, medicine, veterinary medicine, pharmacy, and certain MBA programs pay block fees.
  2. Books and Supplies
    Costs are determined by averaging the total cost of books and supplies for a four-year accounting curriculum at the Campus Shop and Bookstore (with 25% of books purchased used at 75% of new book price, and assuming resale of 50% of texts at 50% of cost).
  3. Computer/Cell Phone Costs
    Computer costs built into student budgets are “annualized.” This means the figure is derived from one year’s monthly costs for purchase or lease of equipment (including printer) and annual software purchases/upgrades. These costs are figured over a four-year period. Cell phone rates based on Attendance Survey for Financial Aid Recipients (October 2010) – $562 per 9 months.
  4. Housing and Meals
    2016-17 housing costs for undergraduate students living on campus reflect the average of the following costs: average on-campus, air-conditioned double rooms with refrigerator and utilities and the average of rates quoted by local apartments with allowances for utilities. 2016-17 on-campus graduates costs are based on an average of rents for available UF graduate housing. Off-campus graduate costs are based on the biannual Law Student cost survey, completed in fall of 2014. This includes rent and utilities for 10 months.
    Food costs are based on Gator Dining’s Open Access 7 Day Meal Plan Plus for on- or off-campus students and/or the Commuter 65 Block meal plan for students living at home.
  5. Transportation
    On- and off-campus transportation costs allow for four round-trips to Miami by personal automobile per two semesters.
  6. Personal
    The personal budget is based on the U.S. Department of Labor’s established personal costs for one person. This includes laundry, toiletries, and minor miscellaneous expenses.
  7. Clothing Maintenance
    The budget for clothing maintenance is based on the U.S. Department of Labor’s established clothing maintenance costs for one person.

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