How much do college students spend on college?

How much does the average college student spend on college?

Average Cost of College by State

State In-state tuition Out-of-state tuition
California $9,680 $32,590
Colorado $10,800 $30,600
Connecticut $12,390 $29,020
Delaware $12,270 $30,970

How much does the average college student spend in a year?

The average cost of in-state tuition alone is $9,580; out-of-state tuition averages $27,437. The average traditional private university student spends a total of $53,949 per academic year, $37,200 of it on tuition and fees.

How much should a college student spend a month?

While the number is dependent on a range of factors, the average amount of spending money for a college student is $2,000 per year or about $200 per month.

What is a reasonable budget for a college student?

Sample Budget

Budget Category
Clothing $450-$750
Entertainment $1,300
Food (assuming that most meals are eaten on campus) $3,500- $7,500
Gas/Car Insurance $1,000-$5,000

What is a reasonable food budget for a college student?

According to the USDA website, a typical college student will usually spend between $163 and $367 a month on food. This particular website avails different costs based on gender, as well as four distinct meal-plan estimate levels.

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How much should a college student spend on groceries per week?

Answer. According to this chart- we’ll assume that most students are on the “low-cost” plan- the average American college students spend on food anywhere between $42-$55 per week. Another survey estimates that the average adult spends between $10-12 per day on food, which comes out to about $70-84 per week.

How much do college students spend on eating out?

Monthly Expenses

Expense Budgeted Actual Cost
Groceries $200 $105
Eating out/coffee $200 $302
Ride shares $30 $41
Entertainment $100 $90

How much money do your parents give you in college?

On average, parents contribute almost three-quarters of those funds (34% of the total cost of college), while 13% of the total cost of college is the student’s responsibility. Parental income is the predominant source of money set aside for college, used to pay for more than half of a student’s attendance cost.

How much money should you save before college?

Your college savings goal should be $60,400 for a public, in-state college; $95,600 for a public, out-of-state college; and $118,900 for a private college. If these numbers seem daunting, don’t worry. There are ways to break it down into an achievable monthly contribution.

How much does a college student spend a month on food?

An individual college-aged student will spend approximately $163-$367 monthly according to the Official USDA Food Plans. The USDA website provides different costs for men and women and also provides four levels of estimates: thrifty, low-cost, moderate-cost, and liberal.