Expense Budget

Below is a list of average monthly expenses based on a frugal nine month student budget.

While you may consider these expense norms as a guideline to complete the projected budget, do not accept these norms as your projected expenses.  Since there is a wide variability in individual expenses, attempt to compute realistic figures for your situation. Such projection will help you know what your particular financial situation will be. These figures were calculated by surveying local costs and utilizing student budget data.

For Bethany’s budgeting purposes, tuition and books will be automatically included based on the number of credit hours you report.

TYPICAL ESTIMATED MONTHLY EXPENSERichmondAll Other Areas
Housing: rent or mortgage & utilities$500$780
Food and household supplies$335$500
Clothing/laundry/cleaning/recreation$110$170
Transportation: vehicle operating costs or public transportation for those without a car$280$280
Phone$50$50
Internet connection$40$50
Health care: provide documentation of costs to be considered
OPTIONAL ITEMS
One time computer purchase ($900)
Child/dependent care (only if necessary to be a student)
Study abroad expenses (trip costs if taken during academic year)
Disability expenses (expenses related to a student's disability)
CPE/Ministry Formation expenses
Loan fees: will be included based on eligibility