The top non-tuition costs of college education

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Attending college is a major investment, and tuition fees make up only a portion of the overall costs of college education. In this article, <a href="https://independent.academia.edu/VictorRestis">Victor Restis</a> discusses the other expenses that aspiring college students must prepare for before they take the next step in their academic careers.

 

Lodging and Transportation

In most cases, the non-tuition costs that have plagued numerous college students over the years are housing and transportation. A study by the Consumer Expenditure Surveys from 2014-2018 shows that older college students spend an estimate of $12,400 per year on housing and $6,300 on transportation.

Students can mitigate these expenses by opting to look for a college in-state and living at home instead of choosing to live in student housing, says Victor Restis. Of course, a tradeoff in residing in one’s own home is the additional transportation costs that otherwise would not have been there if the student lives in or near the campus.

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Books

The Institute for Higher Education Policy made a study called “The Burden of Non-Tuition Costs” and determined that back in 2015-16, one of the top financial stressors among students is buying the required course materials, including books. Unfortunately, some students rue the inconsistency of some courses requiring expensive books while others do not.

Food and Beverages

Food or sustenance is another non-tuition expense that students have to be wary about. However, studies also show that college students spend a huge amount of money on alcohol and coffee. For some students, parties are a staple of college life. On the other hand, there are some students who require a daily dose of caffeine to function properly.

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