How Much Does The Average College Student Pay For Rent

While students living at home incur commuting and transportation costs living at your parents home for little to no rent saves money.

How much does the average college student pay for rent. Knowing how to pay for college is partly about saving where you can and room and board represents a big opportunity to trim. The average student living costs are about 795 a month or 183 a week with our findings revealing that the Maintenance Loan often falls way short of covering students living expenses. Rent-this will depend greatly on what area of the country you are going to school in but plan for at least 300 per month and up to 600 a month.

Americans with a defined contribution plan such as a 401k or 403b contribute on average 7 of their annual salary to retirement. Learn how to pay for college by trimming housing costs. Student rent costs an average of 633 per month but the average Maintenance Loan is just 572.

The average rentmortgage check is 894 per month. Clearly theres an issue here and 53 of students are having to borrow money from their parents banks and friends among other sources to help pay the rent. The average first-time college student takes 2 trips home per year.

Utilities this will also depend on where you are going to school. Generally to qualify for an apartment you need income rolling in. Its probably no surprise that rent takes the biggest chunk out of the student budget.

How to crunch the numbers. One thing to keep in mind when it comes to the cost of your dorm is that your personal supplies such as towels hygienic products and grooming items are NOT included. Eating out costs college students 4000 per year.

Furnish your home for less with these homeware offers. How much rent can a college student afford. There are still however lots of costs that come with living in the dorms.