Categories

College

Tools

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


    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
    What Parents Of Soon-to-Be College Students Need To Know About Credit Cards
    Is College Worth It? Here’s The Fed’s Answer In One Chart


    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.

    New Ebola Screening Is An Epic Failure
    Higher Returns on Safe Money Plus Long-Term Care Benefits
    Social Security Benefits Get Another Tiny Raise
    How Did The Government Waste Your Tax Dollars In 2014? Separating Fact From Fiction
    ‘Market Timing’ For Your IRAs: Grab The Early Premium
    The Obamacare News Just Keeps Getting Worse
    United States Of China: In Which States Is Your Landlord Most Likely To Be Chinese
    ObamaCare: Failure At Any Price
    6 Networking Tips For Retirees
    How Far Some Men Will Go To Get Out Of Dividing Assets In Divorce
    How To Bare Your Finances To Your New Love
    Chicago Hospitals Monitoring 2 Sick Passengers From Liberia, CDC Not Testing For Ebola
    A London School Teacher Pays More UK Tax Than Facebook
    Avoid 5 Common Gaps In Insurance Coverage
    Existing Home Sales Hit Highest Level In 2014
    Fed Tells Banks To Clean Up Act
    Is It Finally Time To Cut Cable?
    7 Money Conversations You Want To Have With Your Kids
    Hack Holiday Travel And Save Serious Money
    Five Life Insurance Mistakes That Can Haunt You
    How Can I Get Medical Bills In Collections Off My Credit Report?
    I Will Not Submit To Medical Martial Law
    Existing Home Sales Jump To Highest Since Sept 2013. Midwest Tumbles 5.3%
    Top Scientist Warns This Version Of Ebola Looks Like “A Very Different Bug”
    Babies Born Today Get Free $500 Investment
    Avoiding Credit Mistakes 20-somethings Make
    Energy Experts Reveal Their Secrets For Slashing High Winter Bills
    Four Things The Best 401(k) Plans Have In Common
    Public Health Expert Explains How To Prevent A Panic About Ebola: Tell The Truth!
    2 Mortgage Giants Plan To Ease Lending
    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.