Cornell Installment Plan

<p>does anyone know how the hlle to set this up its so confusing well they really dont make it seem confusing they make it seem simple but ive already called themlike three times and each time they give me a different amount to pay for each mmonth in my ten month plan. ***?!
can someone help me out please</p>

<p>i'm not sure what help you want?</p>

<p>im doing the ten month. i wasnt sure if i calculated everything exactly right but as long as youre close its alright! didnt you get the cip information letter that sent you an outline of all the costs and stuff? thats helpful. i just looked at the example worksheet in cornellbound.</p>

<p>so.</p>

<p>tution: 15650 + 83.50 for each semester for endowed colleges. for the other colleges, 8600 + 83.50 per sem if youre an ny resident or 15100 + 83.50 if not.</p>

<p>housing: depends on what kind of room you applied for. double: 3,040 per sem. single: 3,440 per sem. just remember under the fall semester column, add 50 to that for the application fee. </p>

<p>dining: depends on which mean plan you applied for. as with housing, add the 50 $ fee to the fall semester amount.</p>

<p>student health insurance: this ones an estimate cause they didnt give you an exact cost, just said that itll be 10-15% higher than last years cost which was 1202. so i put 1350 which is about 12.5 % higher! a nice middle number. so just put 1350 in the fall sem column. nothing in spring sem. </p>

<p>transportation: are you getting a parking permit, or a bus pass? im not sure how to divide the costs between the semesters. im getting an annual bus pass for 200, and since the example girl had 100 for fall and 100 for spring under transportation, i assumed she was getting an annual bus pass too. so i just divided it in half. for the semester bus passes i would assume you put an amount for whichever semester the pass is for.</p>

<p>so add up a total for each column and you get total expenses for each semester!</p>

<p>credits:
this part kind of confused me. but looking at the example, i guess you divide grants in half, so half in fall semester column and half in spring semester column. for loans, i guess it depends on when you plan on applying for and getting the loan. so just look at your fin aid package and see the loans and how much youre eligible for and put those numbers under whichever semester you plan on getting it. (however, im new to the world of financing so i dont know how all loan stuff works, but looking at the example, this is what i would assume)</p>

<p>add up the total in each column!</p>

<p>now for each column, subtract the total credit amount from the total expense amount! now you have a budget amount for each semester.</p>

<p>since youre on the ten month, take the budget amount from the fall column and divide it by 5! now you have how much youll pay each month during the first five months (june-october!) so this is how much your first payment will be! and it was due on june 1! so thats how much you owe right now, so that goes in "monthy payments due now." and you also have to pay the 70$ fee for enrolling in CIP. so write and send a check that covers the june payment + 70!</p>

<p>haha okay im bored and have a lot of time. i think i just repeated the budget worksheet only in complete sentences. dont know if that helped.</p>

<p>thanks a lot heavybird. the sheet looks confusing to me as well, but your explanation helped!</p>

<p>dude you freakin rock heavybird!! yea it was pretty much what i was doing but things like the gym and transportation and health had me confused....and i didn't get that cip outline of costs that you talked about =(</p>

<p>well anyway, thanks for the help dude. you were more helpful than the CIP peoplei called them three times and they gave me three different figures each time...pfff imagine that</p>