Wednesday, May 16, 2012

Budgeting College Expenses - Tips and Guides for the Upcoming College Year

"Budgeting College Expenses - Tips and Guides for the Upcoming  College Year"," It is just a few weeks away before millions of student across the country make their trek to their university of choice.
 Your first important task is calculating the exact costs for attending school.
 Those costs are estimated costs incur by students from previous years, adjusted for inflation.
 You need to have a spending plan by month to avoid running out of money before the school year ends.
 And don't forget to add access fees to campus facilities.

Books and Supplies:

The estimated cost for books and supplies the student will be required for classroom instruction.
 Make sure you estimate everything that you will need for each classroom.
 However, it will be the student's advantage to have their own personal laptop.
 And then there is the software, printing, scanning, etc.

Room and Board:

The estimated cost for housing and food if you live in a residence hall; if you live off campus, the cost for monthly rent, utilities, and food.


The estimated cost for 2-3 round trips from your home to school (you don't want to spend the winter holidays at school).
 If you are on foot or bicycle, estimate the costs for public transportation.
 Toothpaste, make-up, shampoo, deodorant, etc.

Other Personal Costs:

Personal expenses that are specific to the student such as insurance, disability expenses, dependent care, loan fees, etc.
  Link  to our budgeting module for our guide and worksheet.
Sometimes your college and personal aid will not cover the full cost of education after your run your budgeting analysis