Showing posts with label Costs. Show all posts
Showing posts with label Costs. Show all posts

Tuesday, October 2, 2012

The Hidden Costs Of A College Education

When it ' s time to estimate the cost of a college education, most childhood and their parents briskly add up tuition, room and board. But what about the supplementary costs of higher education? The sticker shock of college can ofttimes move freshmen and their parents reeling. By taking a look at the broader picture in advance, preferably while awkward age are still in the early senescence of high school, parents can be better prepared to impart the true cost of today ' s college educations.

Textbooks for classes average roughly $800 per semester today, with some majors requiring books and lab equipment that cost far more. If you ' re operation to senior in engineering, you can expect to pay as much as $1, 500 some semesters during your main level courses. Add in printing supplies, notebooks and all the other school necessities as well to the tune of another $200 for the year.

One phenomenon is impending when lots of people animate together in close proximity, they will get sick. Particularly freshmen. Studies have shown that the average freshman university student spends halfway one hundred dollars on items like cold remedies, tissues, cough syrup and other over the counter medications.

The dining halls may have a lot to offer, but no student can go without pizza and burgers for too long, so we ' ll list this as a necessity. Figure on a few hundred dollars each semester for take - out 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 a week; others are fine with McDonald ' s all the time.

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? Taking road trips with your new college friends? You ' ll need money for gasoline, upkeep on your car and auto insurance. 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 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.

Cell phones can vary vastly in cost; be sure to compare plans and check out the coverage at your school. If you can stay with a family 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 freshman year because of phone calls home and to high school friends. Text messaging can also jack up the cost, so review the bill each month and adjust your plan if need be.

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 the investment, which is usually less than twenty dollars a month, is worth it.

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 cartridge, CD or MP3 download should also be budgeted for. 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 and honestly evaluate how much money they think they will need and plan ahead to add these to the more obvious expenses of tuition, room and board. The resulting figure they come up with will give them a more accurate idea of the real cost of a college education.

Sunday, September 30, 2012

Tips for Cutting Costs in College Education

Money tends to be a yellow subject for most people at the moment. It can be particularly bad for students who not only have to find the money to pay for their course, but they and have to find their living expenses and a way to pay for all of the course materials. It is again impossible for them to chore full time, although some of them care for a part time job to help themselves out a bit. However, comparable if they rally oppressive, have help with fees and get parental help, it is more than likely that a student will leave college with a lot of debt.

It can be wise to try to find things to do so that you do not spend so much money while at college and this should help to reduce the debt problem on leaving. There will obviously still be an element of debt but if money is saved in every possible area then the amount of money borrowed could be significantly reduced.

One way to do this is on the college materials themselves. All students need stationery and books. It is a good idea to take as much stationery from home as possible, things like paper to make notes on and pens, rulers, calculators, erasers and things like this can all add up. With books it is not quite so easy because they will need to be purchased for each module. There are schemes where it is possible to rent textbooks which could really help. This will be a lot cheaper than buying the books and will save the hassle of taking them back home, storing them and selling them again afterwards if necessary. Textbook rental is an affordable option and if it could save you money then why not look into how you can rent college textbooks and save money for yourself.

It would also be wise to do some calculations and see how much money you think you will need to live on. Then set yourself a monthly or weekly budget to stick to so that you have something to aim for. This should help you not piling up the debt without noticing how much you are spending. You will obviously have fixed bills such as course fees, rent and utilities but food, clothes, travel expenses and socialising could possible be reduced if you plan carefully. For example try to meet all of your friends at one for a social occasion rather than going out each night with a different one and then your drinking costs will be less. There are lots of ways that you can save money if you think hard and they needn ' t reduce your experience of college but they will make things easier for you when you have to tackle paying off the debt that you have accumulated.