![]() You just need to project the total cost of college and then figure out a plan to pay for your specific circumstance. You don’t need to have all the money saved up-front. If you’re older, and your parents haven’t had the luxury of saving for college, don’t worry. How to budget in college Figure out how much you’ll need to save for college Ready to take stock of your specific needs and build your college budget plan? Let’s do this. I hate to be the bearer of bad news, but only about 35 percent of parents have saved or plan to save for college in any way.Īnd the parents who have saved only saved an average of $18,000, which is not enough to cover four years of school.Īccording to the College Board, in the 2017-2018 school year, the average private nonprofit college charged $46,950 for tuition, fees, and room and board.īut what does all this mean for you? It means that college student budgeting is more important than ever. Tip 4: Don’t pay full price as a student.College budget plan: The best tips for students.Figure out how much you’ll need to save for college.
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