Calculate Your Costs
- Sam: The first in his family to go to college, covering costs on his own
- Kara: A community college grad, enrolling online at DeVry University with a little help from mom
- Brent: Earned his GED, lives with grandmother since his parents passed away
- Robin: Recent high school grad, lives with her parents, going to work for a DeVry Corporate Education Partner during the summer
Though the value of higher education can't be overstated, it's important to know how school expenses fit within your budget. From tuition to books and supplies to housing costs and more, it’s easy to lose track of just how much college will cost. A Budget Calculator can help you add up the numbers - so you can plan ahead and avoid any unwanted surprises down the road.
Others have done it … and so can you!
Thousands of students - with varying backgrounds and diverse financial needs - have found ways to pay for college and launch a career in their field of choice. Check out these different scenarios to see how you and your child can map out a successful plan to pay for a DeVry education.
Sam: The first in his family to go to college, covering costs on his own
Sam is a recent high school graduate who will be attending the Chicago campus of DeVry University. Sam has three younger siblings and will be the first in his family to go to college. Although his parents support his decision to go to school, they have no disposable income to help him with any of his costs. After completing his FAFSA using both his and his parents' information, Sam receives an award notification from DeVry informing him that for his first semester he will be eligible for $2,025 in Federal Pell Grant funds, $500 in Federal SEOG Grant funds, $1,313 in Federal Subsidized Loan funds, and $1,000 in Federal Perkins Loan funds. Because Sam cannot afford to make any monthly payment, his mom takes out a $2,500 Federal Parent PLUS loan to cover Sam's remaining costs for his first semester. Sam is now fully financed to enroll for up to 18 hours for his first semester.
Kara: A community college grad, enrolling online at DeVry University with a little help from mom
Kara is a 22-year-old student who recently graduated from a Georgia community college and will be enrolling online at DeVry University to complete her bachelor's degree. Kara is an only child and has lived with her mom since her parents divorced several years ago. Her mom helped her with some of her community college costs, and will be able to contribute $200 a month towards Kara's education at DeVry. After completing her FAFSA using her and her mom's information, Kara receives an award notification from DeVry informing her that for her first semester she will be eligible for $2,750 in Federal Subsidized Loan funds, and $450 in Georgia State Grant funds. Because Kara's mom is contributing $200 a month, she does not want to borrow a Federal Parent PLUS loan. So, to cover the remaining balance, Kara applies for a $3600 private loan through one of DeVry's preferred lenders. Kara is now fully financed to enroll for up to 18 hours for her first semester.
Brent: Earned his GED, lives with grandmother since his parents passed away
Brent received his GED last month and is getting ready to enroll at DeVry's Columbus campus. Brent's parents have both passed away, and he has been living with his grandmother for the past 10 years. Although she is his legal guardian, she never legally adopted him. Because he is considered an independent student for financial aid purposes, Brent completes his FAFSA using only his information. Brent then receives an award notification from DeVry informing him that for his first semester he will be eligible for $2,025 in Federal Pell Grant funds, $500 in Federal SEOG funds, $1,313 in Federal Subsidized Loan funds, $2,000 in Federal Unsubsidized Loan funds, and $1,000 in Federal Perkins Loan funds. Brent is now fully financed to enroll for up to 18 hours for his first semester.
Robin: Recent high school grad, lives with her parents, going to work for a DeVry Corporate Education Partner during the summer
Robin recently graduated high school and is excited about starting school at DeVry University's Phoenix campus in the fall. She is going to work for one of DeVry's Corporate Education Partners during the summer, so that in the fall she will be eligible to receive tuition reimbursement. Robin still completes her FAFSA using her and her parents' information to find out if she is eligible for any grant money. Kara receives an award notification from DeVry informing her that for her first semester she will be eligible for $200 in Federal Pell Grant funds, $1,313 in Federal Subsidized Loan Funds, and $1,000 in Federal Perkins funds. Because Robin is receiving tuition reimbursement, she declines the loan funds that she has been offered, but accepts the $200 in Federal Pell Grant funds to help pay for books. Robin is now fully financed to enroll for up to 18 hours for her first semester.
