What Do College Students Spend Their Money On?
Quick Answer
According to Nationwide Insurance, college students spend the largest part of their money on discretionary expenses (46 percent), followed by room and board (26 percent), tuition and fees (19 percent), and miscellaneous other expenses (12 percent).
Continue ReadingFull Answer
Although tuition, fees and room and board consume a sizable portion of the average college student’s budget, there are many other products on which consume a large portion of a student's budget. College students spend a lot on food. Many students pay for a university meal plan, whereas others choose to cook for themselves, eat out or only eat some meals on campus. Along with food comes drink, which for many university students includes costly alcoholic beverages. Depending on the social habits of a student, alcohol can become a large expense.
Some students pay for transportation in the form of bus or train tickets or gas for cars. Students often pay the bills for textbooks or other school supplies, and for electronics, such as laptops, tablets, and smart phones. In a addition to electronics, the software that students need for certain classes also costs a considerable amount of money.
After all of those expenses, entertainment can consume a large portion of a student's budget. This can include movie tickets, music purchases, tickets to cultural events and more.
Learn more about EconomicsRelated Questions
-
Q:
Where Can You Find the Course Fee List for Julliard College in New York?
A: Juilliard.edu has a page listing tuition, fees and expenses, though the regular college does not have course fees. There is also a Tuition and Fees page fo... Full Answer >Filed Under: -
Q:
What Are Qualified Expenses for a 529 Plan?
A: Qualified expenses for a 529 plan include college tuition and fees, textbooks, supplies, and room and board for the college student, as of 2015. Technology... Full Answer >Filed Under: -
Q:
What Pressures Do Students Face in College?
A: College students face pressures adjusting to a rigorous academic routine, coping with financial strains to pay tuition and academic fees, juggling academic... Full Answer >Filed Under: -
Q:
Why Is College so Expensive?
A: Higher education programs are expensive due to a variety of factors including tuition increases, reductions of state budgets, higher student loan fees, and... Full Answer >Filed Under:
