College students have all the necessary expenses accrued by any non-student: Food, clothing, housing, utilities, transportation, fuel, medical expenses, and a little allowance for recreation. But, they also must consider tuition, expensive text books, basic supplies, lab fees, student union fees, fraternity or sorority dues, and other costs associated with campus life.
A laptop computer, connectivity fees or equipment (air cards or cable hookups if the student is living off campus), special calculators, and a cell phone are more and more becoming requirements in daily life, and especially so for the college or university student. Students and their parents, or other benefactors, should sit down and draw up a monthly budget considering all the expenses and circumstances mentioned above as well as any considerations particular to a specific student. A handicapped student, for instance, will have a number of different issues to deal with.
Starting the School Year Right
Along with deciding which school they might like to attend, students should be heavily weighing how to finance the four years (or maybe even beyond) they will be probably be spending away from home. High school guidance counselors are well-equipped to steer students to the college or university that will best support their life and career ambitions. They are also well-equipped to help students figure out where the money will come from to help them afford their time at a particular institution of higher learning. Costs vary widely and wildly from institution to institution. The student should also recognize that taking a part-time job during the school year, and a full-time job during the summer, could or should be a part of their school life.
Show Me the Money
In an ideal world, the student will have been tucking away money from jobs held in high school to put …Read more