Low and Moderate Budgets for Developing Student Expense Budgets
The base budgets for the United States for the years of 2023-24 and 2024-25 are:
| 2023-24 | 2024-25 | |
|---|---|---|
| Moderate (Prevailing) Budgets | ||
| 12-Month | $33,520 | $35,190 |
| 9-Month | $25,140 | $26,390 |
| Low Budgets | ||
| 12-Month | $22,460 | $23,580 |
| 9-Month | $16,840 | $17,680 |
The approximate breakdown of the living expense component is as follows:
| 2023-24 | 2024-25 | |
|---|---|---|
| Total Housing: | 53% Housing/Utilities (70%) Food (30%) |
54% Housing/Utilities (70%) Food (30%) |
| Transportation expenses | 11% | 11% |
| Miscellaneous | 36% | 35% |
These budgets are useful tools that will help you:
- Develop expense budgets for your independent commuting students
- Prepare debt management materials
- Exercise professionals judgment