How Much Should College Housing Cost
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How much should college housing cost. Calculating how much an average college student spends on food can be a little difficult as meal plans students and colleges vary greatly. The average first-time college student takes 2 trips home per year. College can cost anywhere from 18000 to over 50000 a year depending on where you go to school if youre an in-state or out-of-state resident and if you attend a public or private university.
Personal items soap razors deodorant. This cost will vary based on the distance traveled. And if you choose to live in a dorm all four years if thats even possible at.
Common Dorm Costs for College Students. The choice between campus housing and off-campus housing is a tough but exciting one. Thats a serious chunk of change.
Its books housing supplies food and extracurriculars. If you bring home 4000 a month the most you can afford to spend on all of. Be sure to budget for additional food as well Travel.
To obtain more accurate numbers look past the estimated room board or meal plan price posted on the college website. Federal Student Aid. As a general rule your housing costs shouldnt exceed 30 of your take-home income.
According to College Board the average estimated costs in 2020-21 ranged from 11620 at a public 4-year college to 13120 at private non-profit colleges but some places charge much more. 14 rows Its not just tuition. Now there are several interpretations of the words housing costs At a minimum they should include your mortgage payment including private mortgage insurance if youre liable for it property taxes and homeowners insurance.
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