Deciding to apply for an education loan is never an easy decision. If you choose financial support, you need to ensure that you have all the necessary information. Borrowing too much or too little will only compound your future financial troubles. To get a good estimate of how much you will likely spend during the duration of your course, you can use a university budget calculator. You need to provide the approximate costs for your textbooks, living expenses and more. Once you have an idea of how much money you will require, you can decide how much to borrow. While using a student living costs calculator, you must remember to take inflation and potential emergencies into account. If you forget to do this, you could be left without a financial safety net to help you during difficult times.