Do you need to borrow?

Use this worksheet to list your monthly income and expenses while attending post-secondary school. You may need to borrow less than you think!

Print this page and follow these tips from your guides as you complete the worksheet.

Student finance worksheet

Income and Expenses Amount
Job or work-study
Financial help from relatives
Other income  
Total monthly income
Room and board (if you live on campus)
Rent and utilities (if you live off campus)
Food and Snacks
Books and supplies
Medical/dental/vision insurance and expenses
Personal (clothing, laundry, toiletries)
Total monthly expenses
Income Less expenses


OliviaIf the combination of your savings, grants, scholarships, and work-study isn’t enough to pay for school, you may need to borrow money, too.

MatthewBut remember: after you leave school, you’ll have to repay your student loans, with interest. So before you borrow, make sure to explore all of your options. Focus on getting grants and scholarships that don’t have to be repaid.

OliviaAnd to keep your financial future healthy, borrow only the amount you’ll need.

MatthewUse this worksheet to look at your income and expenses while you’re in school. If your expenses exceed your income, you may need to borrow enough to cover the difference. But if the difference is a positive number or close to zero, you may not need to borrow at all.

Note: A student loan is a long-term commitment. Before you accept a loan, research its rates and fees, the length of the repayment period, and your rights and responsibilities as a borrower.

Click the Next button to explore how much debt you think you can repay.