ESTIMATE OF STUDENT EXPENSES FOR THE FALL 2009
COLGATE STUDY GROUP IN VENICE, ITALY

The following is an estimate of all student expenses beyond tuition and student fees. It is based on expense reports provided by members of previous Venice Study Groups and the latest available information from Professor Ammerman. These dollar figures have had 5% added for inflation and were calculated at an average exchange rate of $1.36 U.S. per euro (as of March 19, 2009).  Where student-reported figures are listed, the average and the range are included. You should not assume that these amounts will be sufficient without careful spending!

Note:  For students participating in the August component, there would be an additional charge.  See August 2009 cost estimate below. 

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

$      2,946 Room in Venice (2,166)
            868 Room and meals on field trips (638)
 +        163 Required Italian health insurance (120)
$    3,977 TOTAL BILLED BY COLGATE BEYOND TUITION

B) NECESSARY OUT-OF-POCKET EXPENSES - NOT BILLED BY COLGATE

$     1,400 Estimate - Roundtrip airfare NYC-Venice.  A connecting flight to NYC may increase cost.
+        102 Estimate - Roundtrip transportation airport/flat (75)
$    1,502 TOTAL ESTIMATED NECESSARY OUT-OF-POCKET TRAVEL EXPENSES

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

$     959 Food  - group average (range: $300 - $1,500)
       707 Local transportation (Carta Venezia and Vaporetto pass at 130/month for four months)
+     296 Necessary expenses (books, printing fees, etc.) - group average (range: $50 - $600)
$  1,962 TOTAL ESTIMATED NECESSARY OUT-OF-POCKET LIVING EXPENSES - GROUP AVERAGE

D) PERSONAL EXPENSES - NOT BILLED BY COLGATE

$   2,425 Personal spending such as entertainment, gifts, toiletries, film, and any personal travel.  Students often decide to travel on their own during weekends or during the semester break.  The range for personal spending and personal travel is $788 - $6,825. 

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

(A) $ 3,977 Amount billed by Colgate beyond tuition and fees
(B)    1,502 Transportation to study group site (estimate provided for budgetary purposes)
(C + D) + 4,387 Total estimated out-of-pocket and personal expenses - group average
  $ 9,866 TOTAL ESTIMATED EXPENSES BEYOND TUITION - GROUP AVERAGE
  -  5,955 Minus on-campus room and board ($4,985) and on-campus expenses according to Financial Aid Office ($970)
  $3,911 TOTAL ESTIMATED EXPENSES BEYOND AN ON-CAMPUS SEMESTER

NOTE: DOES NOT INCLUDE THE AUGUST COMPONENT

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

 

ESTIMATE OF STUDENT EXPENSES FOR THE FALL 2009
COLGATE STUDY GROUP IN VENICE, ITALY

August Component

For students participating in the August language component, there will be the following additional charges.  You should not assume that these amounts will be sufficient without careful spending!

A)  AMOUNT BILLED BY COLGATE

$   1,606 August component for students enrolled in Italian 101 (based on eight students in Italian 101)  - tuition, room, group activity (1,181)

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

$      500 Food for August component
        200 Necessary expenses: local transportation, daily living items
+     150 Book costs for Italian 101
$     850 TOTAL ESTIMATED NECESSARY OUT-OF-POCKET LIVING EXPENSES

TOTAL ESTIMATED EXPENSES BEYOND TUITION  FOR AUGUST COMPONENT (A+B)

(A) $ 1,606 Amount billed by Colgate
(B) +    850 Necessary out-of-pocket living expenses - estimate
(A+ B) $ 2,456 TOTAL ESTIMATED EXPENSES FOR AUGUST COMPONENT

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