How Much Does the Average College Student Spend?

much-average-college-student-spend Credit: baona/Vetta/Getty Images

According to the College Board, in-state tuition and fees for a public, four-year college student averages $8,655 per year. Out-of-state students who attend a public, four-year institution can expect to pay around $21,706 per year for tuition and fees.

Private four-year colleges are considerably more expensive than their public counterparts. According to College Board, tuition and fees at a private institution average $29,056 per year. Tuition is the amount charged for classes and other fees related to enrolling and attending a college. Additional costs include room and board, books and supplies, personal expenses and transportation. It is important to note that most college students receive some sort of financial aid - money that is given or lent to help pay for the cost of college.