ESTIMATE OF STUDENT EXPENSES FOR THE SPRING 2011

                                           COLGATE STUDY GROUP IN CHINA

The following is an estimate of all student expenses beyond tuition.   These expenses are based on expense reports provided by previous members of the study group and the most current information provided by Professor Long.  These dollar figures have had 5% per year added for inflation and were calculated at an average exchange rate of 1 CNY per $.14042 USD (as of 3/30/10.)   You should not assume that these amounts will be sufficient without careful spending!

REMEMBER THAT THE COSTS LISTED HERE ARE BASED ON ESTIMATES IN THE LOCAL CURRENCY.  WITH THE FLUCTUATING DOLLAR, COSTS MORE THAN LIKELY WILL CHANGE BETWEEN NOW AND THE TIME THE STUDY GROUP DEPARTS.

A) AMOUNT BILLED BY COLGATE BEYOND TUITION:

$   1,878 Housing in Beijing (13,377 CNY)
       1,318 Room and meals on field trips (9,386)
+      130 Visa fees

$3,326

TOTAL BILLED BY COLGATE BEYOND TUITION

B) TRANSPORTATION TO STUDY GROUP SITE - MAY BE BILLED BY COLGATE
 

$ 2,019

Estimate - Roundtrip airfare from NYC/Taiwan; Beijing/NYC and land transportation.  If student opts for Colgate-arranged flight, this will be billed.  Flights originating from other cities may increase cost.

C)  NECESSARY OUT-OF-POCKET LIVING EXPENSES - NOT BILLED BY COLGATE:

$417 Food  - group average (range $120 - $600)
+    289 Necessary expenses - books and local transportation - group average

$ 706

ESTIMATED NECESSARY OUT-OF-POCKET LIVING EXPENSES - GROUP AVERAGE

D)  PERSONAL EXPENSES - NOT BILLED BY COLGATE:

$ 1,478

Personal expenses such as gifts, toiletries, film, entertainment and any personal travel.  Students often decide to travel on their own during weekends or during the spring break.  The range for personal spending is $441 - $7166.

TOTAL ESTIMATED EXPENSES BEYOND TUITION (A + B + C + D):

(A)

$ 3,326

Amount billed by Colgate beyond tuition and transportation
(B)             2,019 Transportation to study group site
(C + D))

+ 2,184

Total estimated out-of-pocket and personal expenses - group average
 

$ 7,529

TOTAL ESTIMATED EXPENSES BEYOND TUITION, GROUP AVERAGE
 

6,080

Minus on-campus room and board ($5,095) plus on-campus expenses according to Financial Aid Office ($985)
 

$ 1,449

TOTAL ESTIMATED EXPENSES BEYOND AN ON-CAMPUS SEMESTER

INCREASES IN THE AID "PACKAGE" WILL BE BASED UPON THE ABOVE FIGURES.

5/27/10