Types of Expenses

Use the Monticello Student Loan for other expenses

A Monticello Student Loan can be used for more education-related expenses than many other types of student loans, including:

• Tuition
• College expenses like room and board, laptop, meal plans, books, and travel home
• Study abroad programs

Monticello Student Loans for Tuition

For many private college students, tuition is the single biggest expense. In the 2006-07 school year, average tuition at four-year private colleges was an incredible $22,218 per year.¹ It’s no wonder private college students have a hard time financing their education solely through savings, scholarships, and grants.

If tuition is your biggest concern, simply think of your Monticello Student Loan as a tuition loan – up to $40,000 a year.² But unlike a “tuition only” loan, a Monticello Student Loan gives you flexibility to pay for other education-related expenses as well – everything from a laptop to studying abroad.

Monticello Student Loans for College Expenses

Tuition and fees, room and board: these are the big college expenses. But be sure to think small, too. The additional costs of everyday campus life really begin to add up. Whoever said “Don’t sweat the small stuff” wasn’t funding a college education.

Your Monticello Student Loan can provide up to $40,000² a year in college funding for any education-related expense. When you’re putting together a budget, try to think about everything your education expense loan could help pay for:

• Student fees, lab fees and expenses
• Books
• Course-related publications
• Personal computer, school-Internet access charges
• Supplies required for school like software, printer, ink cartridges, paper, and other supplies
• Travel home
• Study abroad

Monticello Student Loan for Study Abroad Programs

Study abroad programs make you think differently. About your finances.

Students who go on study abroad programs say the experience profoundly influences their way of thinking. To study abroad is to undertake an adventure that will expose you to new customs and languages, new ways of thinking, new and different ways to live. But often it requires finding new ways to fund this adventure.

A Monticello Student Loan can be used as a study abroad loan, helping you bridge the gap between the costs of studying outside the U.S. and your available funds. Being on your own so far from home will be challenging, exciting, and at times a little unnerving. But having the financial support you need for travel, housing, and your study abroad program costs can make all the difference.

With the Monticello Student Loan Program, you can borrow up to $40,000 in supplemental funds to help finance a semester or an academic year abroad when studying through an eligible U.S. school.² The Monticello Student Loan can help you get the money you need to make studying abroad a reality, and help you think differently about the world.