Q:

How much do college students spend annually?

A:

Quick Answer

The amount that college students spend annually depends quite a bit on the type of college or university attended. For example, a two-year community college tends to be less expensive than a private four-year university.

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Full Answer

The major yearly costs involved with attending college include tuition and fees, room and board, books and supplies, transportation and other miscellaneous expenses.

A student who attends a two-year community college should expect to spend about $16,000 per year. A student who attends an in-state, public, four-year university will pay around $23,000 per year. A student who attends an out-of-state, public, four-year university should budget for approximately $36,000 per year, and a student who attends a private four-year university can expect to spend nearly $45,000 per year.

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