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Sample Full Time Student Budget - One Year
The Sample Student Budget is provided to serve as a guide to expense planning. The cost of living calculations are based on an average master's level student's living circumstances in the Virginia Beach area and are estimated for all three terms: fall, spring and summer. If an applicant lacks projection information, figures from this form may be used as basic guides. If you'd prefer to customize a budget for yourself: see our cost calculator »
| Living Costs | Single | Married¹ | |
|---|---|---|---|
| On Campus Housing | $7,500 | $9,300 | |
| Food | $3,264 | $4,200 | |
| Health Insurance/Medical Expenses² | $2,216 | $7,746 | |
| Misc. (laundry, cleaning, toiletries, gifts, local transportation³, emergencies, etc.) |
$3,000 | $3,600 | |
| Subtotal Living Costs | $15,980 | $24,846 | |
| Education Costs | |||
| Master’s Tuition (24 credits [full time: 9 fall, 9 spring, 6 summer] @ $495/credit hour) |
$11,880 | $11,880 | |
| Books and Supplies | $1,000 | $1,000 | |
| Fees (On-Campus: $1,225; Online Learning: $885) |
$1,225 | $1,225 | |
| Subtotal Education Costs | $14,105 | $14,105 | |
Total (Estimated Budget) |
$30,085 |
$38,951 |
|
Sample Budget Notes:
- Add $3,000 per child for the year. Students with children live in the "Village" housing first floor apartments.
- Includes Regent University student health insurance (health insurance is mandatory). Check with the Business Office to verify health insurance costs.
- If you are planning to own a vehicle, add $3,468 per year for single students and $4,044 for married students to cover automobile fuel, oil, insurance, license, and maintenance expenses in the miscellaneous column.