Step 1 :First, categorize each item as either an expense or a source of funding. The categorization is as follows: \begin{tabular}{llcc} & & Expense & Funding \\Grants: & \$ 17,320 & 0 & 1 \\Transportation: & \$ 3440 & 1 & 0 \\Books and supplies: & \$ 3160 & 1 & 0 \\Personal expenses: & \$ 3760 & 1 & 0 \\Scholarships: & \$ 6040 & 0 & 1 \\Tuition and fees: & \$ 29,120 & 1 & 0 \\Student loans: & \$ 7000 & 0 & 1 \\Family contribution: & \$ 7240 & 0 & 1 \end{tabular}
Step 2 :Next, calculate the total of his estimated expenses. The total of his estimated expenses is \(\boxed{39480}\).
Step 3 :Then, calculate the total of his estimated funding. The total of his estimated funding is \(\boxed{37600}\).
Step 4 :Finally, compare the total expenses and total funding to determine if Alonzo has enough money for his education. Alonzo cannot expect to have enough money for his education. He will need an additional \(\boxed{1880}\).