Tuition Budget
Free Tuition Budget calculator with clear step-by-step results.
About Tuition Budget
Builds the net cost of study by adding compulsory fees and materials to headline tuition, then subtracting grants - because published tuition is rarely what anyone pays. Dividing by the number of instalments gives the figure that actually has to be funded at each payment date.
Formulas
Net cost per year
Net = tuition + fees + books - grants and scholarships
Per instalment
Instalment = net cost per year / instalments per year
Worked example
With the default values below, Tuition Budget returns Total net cost of the programme of $37,800.00. Change any input above and every figure here is recalculated in your browser.
Inputs used
- Tuition per yearminimum 0 $
- 14,500 $
- Compulsory fees per yearminimum 0 $
- 1,200 $
- Books and supplies per yearminimum 0 $
- 900 $
- Programme lengthaccepts 0.5–10 years
- 3 years
- Grants and scholarships per yearminimum 0 $
- 4,000 $
- Payment instalments per yearaccepts 1–12
- 3
Results
- Total net cost of the programme
- $37,800.00
- Net cost per year
- $12,600.00
- Amount per instalment
- $4,200.00
- Share covered by grants
- 24.1% %
Step by step
- 1Values used
- 2Net cost per year
- 3Per instalment
- 4Total net cost of the programme= $37,800.00
- 5Net cost per year= $12,600.00
- 6Amount per instalment= $4,200.00
- 7Share covered by grants= 24.1 %
Assumptions and limits
- The result is derived only from the 6 inputs listed above. Anything not among them is not part of the calculation.
- In particular, this calculator does not take inflation or tax into account.
- Figures are rounded for display to 2 decimal places, so totals built from several rounded parts can differ slightly from the unrounded arithmetic.
How these calculators are built and tested is described on the Methodology page. If a figure looks wrong, please report it.
Frequently Asked Questions
Why include fees separately from tuition?
Compulsory fees for registration, examinations, laboratory access and student services routinely add 5-15% and are almost never quoted in the headline tuition figure.
Do grants apply every year?
Not always. Many are single-year or conditional on maintaining a grade threshold, so check renewal terms before assuming the full programme is covered.