posted in: Financial Wellnessby Kristin Smith
Student organization fees
- If they’re going Greek, find out the average cost for a year and get an itemized list of all costs so there are no surprises.
- Student run clubs – sports programs, debate clubs, philanthropy organizations and more all have costs associated with them.
- If they’ll have a car on campus, a parking permit can range from$100 to $1000/year
- Parking tickets add up quickly and some colleges turn them over to collection agencies if they go unpaid.
- Whether they travel by train, plane, bus, or car, coming home over breaks or visiting friends at other schools can get pricey.
- Public transportation to get around campus or town is something that’s easily overlooked.
- Unless they live close enough to take their laundry home on the weekends, they’ll not only be doing it on their own, they’ll be paying around $12/week.
- Toothpaste, toilet paper, shaving cream, tissues – none of these things last forever and will have to be replaced.
Dorm room necessities
- Futon or couch
- Vacuum (a must have!)
- DVD/Blu-ray player
- Cable or subscription to streaming service
- Meal plan – check into what’s included, some meal plans work at restaurants that are close to campus too
- Late night snacks/brain food – if they’re pulling an all-nighter before finals, they’ll will need fuel for your brain
- Coffee – they may find a cozy little coffee shop to study in, but those lattes add up.
- Making new friends is an important part of the college experience but movies, dinners, pizza night with friends aren’t free.
- Once the school year is complete, kids might stay near campus in an apartment, pack up their belongings and head home, or rent a storage unit for their things so they can travel home with a lighter load.