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The table provides various expenses for an on-campus student, and the question asks to determine the **monthly income needed to budget for loan fees** over the 9-month academic year.

From the table:
- **Loan Fees** = $180 (for the full academic year)

To find the monthly amount needed:
\[
\text{Monthly amount} = \frac{\text{Total Loan Fees}}{\text{Number of months}} = \frac{180}{9} = 20
\]

Thus, the **monthly income required to budget for loan fees** over the 9-month academic year is **$20.00**.

Would you like more details or have any questions?

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Here are 5 related questions:
1. How would you calculate the monthly budget for other expenses (e.g., room & board)?
2. What is the total cost of attendance for one academic year?
3. How can a student plan a budget for the entire year considering all expenses?
4. What is the importance of including loan fees in a student budget?
5. How can you estimate the impact of financial aid on these expenses?

**Tip:** When budgeting for a year, always include small fees like loan fees, as they can accumulate over time.

Using the information provided in the given table, determine how much monthly income would be necessary to budget for loan fees over the 9-month academic year. Round your answer to the nearest cent, if necessary.

Learn how to calculate the monthly income necessary to budget for loan fees over a 9-month academic year. This problem demonstrates division and basic budgeting concepts using a total loan fee of $180. Suitable for students in Grades 6-8.

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