You might like to believe that all you would have to pay in order to attend college are the charges as laid out by the college of your choice.
But there are many other expenses which students have to bear during their stay, many of which the average student fails to take into consideration while choosing a college for further education.
While you would already be familiar with the major costs of attending a college, such as the tuition fee, boarding and lodging, meals, transportation, and supplies, there are many costs which don’t seem like much but amount to a lot due to their frequency of occurrence.
Just take the cost of securing a parking permit every day as an example or the many expenses like this which you would be paying on a daily basis. Collectively, these costs are significant enough to become a burden, and hence need to be planned for accordingly.
The Hidden Costs
If you are taking a vehicle with you to college, then you must account for all the parking permits you would have to secure and pay for during the course of your study. These can end up costing you around $1.2K to $1.6K per year, depending upon the university you have chosen to attend.
Hence, make sure to check with the university of your choice about the parking costs and add those to your calculations.
As a college student, you would most likely be interning at some point, and while these internships may be unpaid, you may have to pay your college if you want this experience to be counted as an earned credit. The cost per credit depends entirely on the college you attend, with some charging the same rate as normal course credit.
Another cost you may have to worry about is health insurance. Every school has its own standard of what it considers to be adequate coverage, and it is entirely possible that you won’t have to pay anything since you are eligible to use your parents’ plan up until the age of 26. But if your parents’ plan does not provide as much coverage as required by the school, then you would have to pay extra.
Make Good Choices
Many costs are associated with the choices you make. For example, if you choose to enroll in a Greek fraternity or sorority, then you would have to pay dues as well as housing every semester.
These can be quite significant considering that the dues of Greek systems at some of the bigger schools can end up charging around $1.8K per semester. These do not include other costs incurred by Greek-system students, such as group shirts and outings.
During your summer break, you would most certainly want to go home, in which case you must find a storage facility to stash all of your belongings until you come back and find a new place for yourself since keeping and paying for accommodation through the summer is very expensive and quite unnecessary. This would cost an extra $89 on average per month.