| Item |
Notes |
Annual Amount |
| Tuition |
Contact specific colleges or go online to learn current rates
at various schools. |
|
| Fees |
Fees vary by college. Typical fees include charges for
technology use, lab costs, activity fees and more. |
|
| Room And Board |
Obtain on-campus housing costs from your college of
choice. Off-campus prices vary by location. Some colleges offer meal plans
at varying costs. Include a budget for snacks and off-campus meals. |
|
| Books And Supplies |
Books can range from $500–$1,000 or more each semester.
Include the cost of needed supplies such as book bags, desk
organizers, pens, pencils and paper. |
|
| Special Equipment |
Students may need items such as a computer, printer, reading
lamp, microwave or refrigerator. |
|
| Personal Expenses |
Toiletries, cosmetics, clothes, laundry, entertainment,
spending money and other costs of daily life quickly add up. |
|
| Transportation |
How much will it cost for your child to travel to and from
college? If your student will take a vehicle to college, include
parking, fuel and maintenance costs. |
|
| Auto Insurance |
If your child is taking a vehicle to college, your auto insurance
premium could change. If your child is attending a college at
least 100 miles from home and is not taking a vehicle, your
premiums could decrease. |
|
| Property Insurance |
Most homeowners insurance policies cover personal items in
dorm rooms, up to 10 percent of the policy’s value. For off-campus
living, your student will need a renters policy. Annual
premiums generally range from $100–$300. |
|
| Health Insurance |
Most health insurance policies cover dependents who are full-time
students until they reach age 23. If you have a closed-area
HMO that does not provide emergency coverage in the
college’s area, your child will need health insurance coverage. |
|
| Phone Service |
Plan for long-distance or cellular phone service expenses. |
|
| Fraternity Or Sorority |
Calculate the dues, fees and activity expenses associated
with membership in academic or social clubs. |
|
| TOTAL |
Annual college expenses. |
|
Basic Money Management
Basic Money Management
Previous