College expenses7/25/2023 These costs are often small, but can quickly add up if students don't pay attention to their finances. Students can incur hidden costs through mundane activities like seeing movies, eating out, and having drinks with friends. Part of the college experience for students is socializing with friends. Public transportation may also help students keep costs down. Students can save money by looking for cheaper flights, splitting accommodation costs with friends, and carpooling if possible. Even on-campus students should plan for some transportation costs to cover trips home and/or trips during school breaks.Īccording to the College Board, college students at public, four-year institutions spent an average of $1,230 on transportation during the 2021-22 academic year. Students who live off campus must account for transportation costs in their budgets. Many students purchase their textbooks directly from their university, leading to increased costs.įortunately, students can find ways to save money on college textbooks by comparison shopping, renting books, and reselling books once the class finishes. Though required by almost every course, textbooks and other school supplies are not included in the cost of tuition.ĭuring the 2021-22 academic year, full-time undergraduates at four-year institutions spent an average of $1,240 on books and supplies, according to the College Board. Here, we go over the most important hidden costs of college you should know. A June 2020 uAspire study examined 820 college websites and found that 39% of these institutions did not display information about indirect costs. The hidden costs of college can easily add up and tend to catch students by surprise.īut planning for these hidden fees can be difficult. Incoming college students need to prepare to pay for more costs than just tuition.
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