Hidden Costs of College That Can Overshoot Your Budget

New Students: 8 Hidden Costs of College Education That Can Overshoot Your Budget

Hidden Costs of College That Can Overshoot Your BudgetWhen it’s time to estimate the cost of a college education, most students and their parents (or sponsors) quickly add up tuition, room and board. But what about the additional costs of higher education? These are the little items that are hardly ever mentioned in most official brochures.

These hidden costs of college education can often send new students and their parents reeling with shock. By taking a look at the broader picture in advance, preferably while teens are still in the early years of high school, parents or guardians can be better prepared to afford the true cost of today’s college education.

Read also: How to Finance Your Studies Abroad

Below are some of the items that can send costs spiraling out of your budget. Some of them are by themselves just bits and pieces. But they can quickly add up to a significant amount if left unchecked.

Cost of books and reading materials

Textbooks for classes are getting more expensive yearly. Some majors requiring specialized books and lab equipment that cost far more.

For instance, if you’re going to major in engineering, you can expect to pay as much more in some semesters during your upper level courses for the privilege of using some gadgets.

Across the board, extra costs can appear in printing, notebooks and all the other school necessities as well.

Health care costs

One thing is inevitable when lots of people live together in close proximity, they will get sick. Particularly freshmen who are trying to adjust to the new environment.

Read also: How you can make money to support your education

Studies have shown that the average freshman university student spends almost one hundred dollars on items like cold remedies, tissues, cough syrup and other over the counter medications.

Fast foods

The dining halls may have a lot to offer, but no student can go without pizza and burgers for too long. Figure on a few hundred dollars each semester for fast foods and delivery foods.

Be honest and adjust accordingly if you’re really into eating out. Some people like to eat at a really nice restaurant once in a while; others are fine with the burger joint around the corner.

Moving about and around

What about transportation? Will you be keeping a car on campus? Then you’ll probably have to pay for a university parking permit. Will you be driving home regularly on the weekends to see your family and friends if they live in the same city? Taking road trips with your new college friends? You’ll need money for gasoline, upkeep on your car and auto insurance.

Read also: Preparing For Studying Abroad: 7 Things You Need To Know

If you will be attending school thousands of miles from home, it can be quite expensive to fly home for the holidays, so make sure you book flights well in advance to save money.

Computers

Computers are as essential as textbooks for students today. Be sure you check with your college or university to see if they recommend a particular brand or model; some offer special discounts that can save you hundreds of dollars.

Mobile phone bills

Cell phones can vary vastly in cost; be sure to compare plans and check out the coverage at your school.

If you can get a cheap plan that has full coverage in the area where your school is located, it’s probably your best bet. Be aware, though, that cell phone bills for college students often go up sharply for new students because of phone calls home and to high school friends and family.

Read also: Study abroad and travel insurance

Text messaging can also jack up the cost, so review the bill each month and adjust your plan if need be.

Staying online

Internet access is another reasonable expense that you’ll probably want to consider if you live off-campus in an apartment.

While there will be free internet access at many points on campus, including libraries and classrooms, its much easier to work from home, so investing on a cheap package per month is worth it.

Entertainment

Entertainment, including movies, dances and shows, are popular on college campuses. Fortunately, the campus centers usually offer them at a reduced rate to save students a bit of money. The occasional new game software, DVDs or MP3 downloads should also be budgeted for.

Read also: 10 Ways to Adjust Your Life While Studying Abroad

Again, be honest with yourself when estimating how much you’re likely to spend so that you’re prepared.

When preparing for the hidden expenses of college, students need to sit down with their parents, guardians or sponsors and honestly evaluate how much money they think they will need and plan ahead to add these to the more obvious expenses of tuition, rent and feeding.

The resulting figure they come up with will give them a more accurate idea of the real cost of a college education.

For more inquiries about admissions and visas to study abroad, send an email enquiries@study-domain.com or call: +2347037293057, 08125835476

Be generous, share this...Share on Facebook0Tweet about this on Twitter0Share on Google+0Share on LinkedIn0Digg thisEmail this to someonePrint this pageShare on StumbleUpon0Pin on Pinterest0

Comments

comments

Leave a Reply

Your email address will not be published. Required fields are marked *