Categories

College

Tools

  • Economy & Politics
  • Investing
  • Personal Finance
  • Related Posts


    How To Manage Stock Market Risk In Your Child’s 529 College Savings Plan
    Should You Use Retirement Assets For Education Expenses?
    These Are The U.S. Colleges Where Student Loan Defaults Are Skyrocketing
    Paying For College: What Every Parent (And Grandparent) Needs To Know About UTMA Accounts
    How Parents Can Hedge Against Rising Tuition Prices
    Reading Between The Numbers Of College Rankings
    UPenn Named Best College Nationwide For 2015
    The Five Best College Savings Strategies And Myths
    Two Expensive Student Loan Mistakes To Avoid
    The 10 Best Money Tips For College Freshmen
    Can A Life Insurance Policy Increase Your Financial Aid?
    Millennials’ Latest College Funding Strategy
    Use Your Roth IRA To Save For Both Retirement And College
    My A+ Savings Plan: I Put Away $70K For My Kids’ College
    The Changes In How Americans Pay For College


    Beyond Tuition: Other Expenses Your Freshman Needs To Budget For

    When it comes to figuring out how much college will cost, most families stop at tuition. The trouble with that is there are a lot of other expenses beyond tuition that you need to budget for when sending your child to college. In fact, tuition is only about 50-70% of the cost of sending your child to college. There are a lot of other expenses you need to plan for.

    Traditional college budgeting focuses a lot of tuition, but there’s so much more than that. Let’s break down the expenses your college freshman can expect and tips for dealing with them.

    Room and Board

    The biggest expense beyond tuition is room and board. If your child is going to be living on campus (which many freshmen do), your school will include these costs on your bill. However, living expenses alone aren’t enough to budget for. You also need to think about food and snacks. College kids will eat. You can get the university meal plan, but in most cases that won’t be enough. You need to plan on giving your student some extra money to buy food.

    Books and School Supplies

    Next, books and school supplies. Books are expensive. The National Association of College Bookstores (NACB) estimates that the average college student will spend…

    Click to read the full story

    Discuss this Story:

    Comment Policy: We encourage open discussion. Comments including racist statements, profanity, name calling or spam will be removed at our discretion. We use filters for spam protection. If your comment does not appear it is likely because it violates the policy.

    Is It About To Get Worse? Lakeland Hazmat Suit Orders Go Exponential, Surpass 1 Million
    There’s A 30% Chance Your Shrimp Isn’t What You Think It Is
    Retirement: Some Struggle With Leaving Jobs
    How To Save For A House In 10 Simple Steps
    The Five Scariest Retirement Planning Pitfalls
    Stay-at-Home Mom Facing Divorce? Don’t Expect Alimony
    Millennials Are Actually Investing In Retirement Options Early In Careers
    Spend Money, Save Your Sanity: 8 Everyday Tasks You Can Easily Outsource
    Ebola Discoverer Warns Deadly Virus Will Hit China
    Ebola Virus Is More Likely to Spread through Aerosols – and Survive Longer – When It’s Cold
    Case-Shiller: Home Price Gains Still Slowing
    Financial Wake Up Call For The DIY Crowd
    3 Financial Moves To Make Before Boosting Your Student Loan Payments
    Two Jobs, Two Retirement Plans
    5 Ways To Keep Your Health And Your Wealth In Retirement
    Salt Has A Salty History
    Tax Overreach May Be Driving Up Citizenship Renunciation
    And The Brand New Fastest Appreciating US City Is… (Hint: Not Cleveland)
    CDC Says Ebola Droplets Can Only Travel 3 Feet … But MIT Research Shows Sneezes Can Travel Up to 20 Feet
    A $12 Fitness Band? Yep. And It Looks Good
    Government’s Path Of Least Resistance For Would-be Homeowners
    Symptomatic 5-Year-Old Boy Tested For Ebola At Bellevue Hospital After Returning From West Africa
    The Love Affair With Obamacare
    What Is A Celebrity Loan Out Corporation?
    3 Retirement Goals People Never Achieve
    Asset Allocation For Retirement
    The 25 Best Places To Retire In 2014
    Americans OK With Tax Hikes To Protect Social Security
    13 Money Mistakes Retirees Should Avoid
    Housing Market Wakes Up To New Hangover
    Read more from Personal Finance...

    Liberty Investor Digest

    Get today's most important
    financial headlines all in
    one place by email!



    Sources


    close[X]

    Sign Up For Liberty Investor Digest™!

    Get Liberty Investor Digest FREE By Email!

    Input your name and email address in the fields below and get today's most important financial headlines sent straight to you inbox!

    Privacy PolicyYou can opt-out at any time. We protect your information like a mother hen. We will not sell or rent your email address to anyone for any reason.