College cost shocker; Don't Waste Your Money
(WXYZ) - Son or daughter heading to college? Forget all those warnings about soaring tuition costs: that's old news.
The newest shocker: The thousands of extra dollars you'll have to pay for books, fees, and even fraternity membership.
That check for tuition, room and board is just part of the" fiscal shocker: many of them will face, according to a report in the website
The Fiscal Times.
Students like Michael Weahby, have to work just to pay for all the extras.
"I'm working, trying to pay for my books, because that will come to about $500," Weahby said.
For starters, textbooks now average $600 a year according to
the report in The Fiscal Times.
Student Lajaye Jackson said "I have a $130 psychology book that I might not even need next year, but I still have to buy it."
Then there are parking fees if you have a car, more than $200 a year at many schools.
Tina Pocock said "It's $220 for a year. It's expensive, but I'm used to paying it every year."
Mandatory health services: $200 to $800 a year at many schools.
And are you thinking of joining a frat or sorority?
Dues and events average $1,300 a year, the report says.
Liz Bishop said "I want to do Greek life, but its so expensive on top of everything else."
The Bottom Line
So that tuition bill is just a start: Plan on several thousand a year in hidden, add on costs.
The worst part with many of these add on fees: They are not covered by federal loans. However, many sororities and fraternities have scholarships available to help with dues and costs.
Bottom line... be sure to set aside extra money for extras so you don't waste your money.