Direct Cost Worksheet
DFA recommends students complete a worksheet to estimate how much they will be billed by Purdue and to estimate a balance due or refund amount after aid assignment and disbursement.
Step 1: Estimate your expected bills for tuition and fees and campus housing:
Tuition/Fees Estimate $___________
Campus Housing/Food Estimate +$___________
Total Estimated Billing (A) = $ ___________ (A)
Step 2: List total expected financial aid awards you plan to receive as listed on your Financial Aid Eligibility Notice:
Grants and Scholarships Total (outside/private scholarships cannot be counted until actual funds are received) $___________
Student Loan Total (if you plan to apply for student loans) +$___________
Parent Loan Total (if you plan to apply for parent loans) +$___________
Total Estimated Financial Aid (B) =$___________ (B)
Step 3: Subtract Total Estimated Financial Aid (B) from Total Estimated Billing (A) to determine estimated balance due or refund amount from Bursar:
Total Estimated Billing (A) $___________ (A)
Total Estimated Financial Aid (B) – $___________ (B)
Estimated Balance Due or Excess Funds (Refund) Amount =$___________ *
* If academic year figures are used, you will need to divide by two (2) to determine balance due or excess funds per semester. A positive amount reflects the estimated balance due, and a negative number reflects the estimated excess funds (refund) amount.