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What type of monetary need would suffice in college?

Is there any specific amount of money I would need to carry with me to college
#nervous

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Michael’s Answer

Hello Benjamin, there is no specific amount you need to actually carry to college (enough cash or credit cards to pay for daily expenses), but you should have enough financial sources to pay for college expenses. You should consider always Tuition (cost to attend the school), Room and Board (rent, dorms, utilities, food), School Expenses (books, lab fees, ...), and Personal Expenses (car, gas, clothes, shoes, entertainment).


Total cost per year for my 4 children each ran approx $25k to $30k for a California State University in-state regardless if they lived in the dorms or on their own. Note: 2 of them are still in college.


According to the College Board, the average cost of tuition and fees for the 2017–2018 school year was $34,740 at private colleges, $9,970 for state residents at public colleges, and $25,620 for out-of-state residents attending public universities.

What's the Price Tag for a College Education? - COLLEGEdata - Pay ...

https://www.collegedata.com/cs/content/content_payarticle_tmpl.jhtml?articleId=10064

Michael recommends the following next steps:

Determine what type of education you want and what colleges will support you needs. Then, visit the colleges web sites and they will give you specific costs. If you are not sure yet of you major, visit a 2 or 3 colleges that interest you and visit their site anyways for costs (generally the majors all cost the same).
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