These are the costs:
| Tuition and fees | $300.75 per credit | 23 credits | $6,917.25 |
| Health Coverage | $1250 for me. $2950 for Julie | Per year | $4,200.00 |
| Apartment Rent | $675 per month | Mel Margo Rate | $8,100.00 |
| Renter’s Insurance | Probably $200 per year | $200.00 | |
| Electricity and Water | $150 per month | High Guess | $1,800.00 |
| Internet | $60 per month | High Guess | $720 |
| Fuel | If $40 each fill up, and 1.5 fill ups per week | About 500 mi per week | $3,120 |
| Auto Insurance | $160 per month | Male under 25 in Florida | $1,920 |
| Food, etc | $250 per month | High Guess | $3,000 |
| Total | [$29,977.25] |
Here is the income:
| PhD Stipend | $20,000.00 | |
| Graduate Grant | $1,000.00 | |
| Health Coverage Subsidy | $200.00 | |
| Tuition Waiver | Not completely sure. Guessing $271.35 per credit. | $6241.05 |
| Total | $27,441.05 |
Loans I can take out but must be repaid:
| Subsidized Stafford Loan | No interest until graduation. $4250.00 per non-summer term. | Up to $8,500.00 |
| Unsubsidized Stafford Loan | Interested is charged. $5818 per non-summer term. | Up to $11,636.00 |
| Total | Up to $20,136.00 |
This means [$2536.20] per year. However, this isn’t entirely accurate because none of this is taking into account Julie’s expenses (law school tuition, her auto insurance, and her cost of driving) and assumes Julie isn’t contributing to the above debts. Therefore, the amount lost per year will be much higher.
Spend now, pay later… it is the American way…