When you’re tackling the process of budgeting for college, it’s easy to focus on the marquee expenses and forget the secondary costs.
Unfortunately, if you do your number-crunching and leave out a long list of incidentals, you may end up relying more heavily on student loan money than you intended. Here's what you need to know to plan in advance.
The unexpected costs of college
To help you come up with a realistic, all-inclusive cost budget, we’ve pulled together a detailed list of possible expenses. Each student’s needs will be different, so this list covers expenses that may crop up in a wide range of situations.
The most obvious expense is tuition. However, you may also need to consider some of these academic line items:
Other administrative fees related to enrolling/attending (varies from college to college).
Jon is a writer and marketer for Nitro who is passionate about bringing transparency to the student loan process along with providing families with the information needed to make smart financial decisions. He also just recently refinanced his student loans allowing him to pay them off 5 years faster all while saving an additional $152/month. As he continues to pay them off himself, he strives to help others do the same. Jon also has a long history of connecting people with educational opportunities to help them improve their careers and their overall personal finances. In his free time you can find him reading travel blogs and researching destinations around the world in search of his next adventure. Read more by Jon O'Donnell