Categories

College

Tools

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


    How The U.S. Government’s Tiny Statistical Error Is Distorting The True Cost Of College
    Student Debt Relief Company Shut Down
    Is It Ever Worth Asking Family To Co-Sign A Loan?
    These Are The US Colleges Where Tuition Has Skyrocketed
    Private Student Loan Lenders Start Offering Loan Modifications
    Student Debt By Major: What Not To Study To Avoid A Lifetime Of Debt Slavery
    3 Tips For Paying Down College Loan Debt
    The 3 Biggest Mistakes People Make With Student Loans
    8 Tips For Taking Out Student Loans
    They Give You Money For What? 10 College Scholarships You Never Knew Existed
    Consumers Beware: The Truth About Life Insurance, Annuities And College Financial Aid
    Help For Private Student Loan Issues
    5 Tips To Tackle Student Loan Debt
    Your Student Loan Grace Period Expired: Now What?
    How To Manage Stock Market Risk In Your Child’s 529 College Savings Plan


    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.

    What To Expect On Your First Trip To Cuba
    What You Need To Know About Your Financial Advisor
    Is It A Good Idea For Teens To Open A Roth IRA?
    Depreciation Tax Extenders Big Bonus For Business Owners
    How Much Investment Money Can You Take Out In Retirement
    Retirement: Five Ways To Make The Most Of 2015
    Medicare Myths And Mistakes
    10 Questions To Ask A Financial Advisor
    The Most Important Question To Ask Your Financial Advisor
    Planning Your Long-Term Care Strategy? Five Things Every Woman Should Know
    Retirement: Seven Goals For The End Of The Year
    Generate An Eight Percent Yield Using This Strategy
    The Great Generic Drug Rip-Off
    Obamacare Is Only Human
    Charity Tax Breaks Extended Through 2014 Only
    Treasury Finalizes Rules For New Retirement Savings Account, myRA
    Home-Buying Guide: Seven Signs Of A Neighborhood On The Rise
    U.S. Mortgage Applications Fall In Latest Week
    Dodge The Debt: Finding Income In America Today
    Why 2015 Is The Year For Longevity Annuities
    Fire Up Your Body’s Own ‘Fountain Of Youth’
    Housing Permits Tumble Most Since January, Starts Miss
    20 Really Stupid Things In The U.S. Tax Code
    New Obamacare Tax This Filing Season: Your Shared Responsibility
    How To Divvy Up Your Money In A 401(k) Plan
    The Marshmallow Test: Four Science-Supported Tips For Saving For Retirement
    10 Things You Should Know Before Buying A Gift Card
    U.S. Housing Starts, Permits Fall; Trend Points To Recovery
    Seven Dumb Things People Do In The Name Of Being Frugal
    Five Dangerous Myths About Insurance
    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.