How Much Should A College Student Pay For Rent

You can expect an average of 50 per month.

How much should a college student pay for rent. These prices are for dorms on campus. A college s cost of attendance COA includes room and board in addition to tuition and fees books supplies and equipment transportation and miscellaneous expenses. Below is her budget from February of her senior year in college.

In their annual survey of colleges College Board found that the average 2018-19 annual on-campus room and board costs for students attending a public four-year college was 11140 and 12680 for the non-profit private four-year school. The cost will vary if you choose to live in a Greek house an off-campus apartment or to really save money living at. Subtract 299 for your monthly student loan payment and youre left with about 2844 per month.

Utilities this will also depend on where you are going to school. How to crunch the numbers. What Is the Average Cost of College.

The general rule of thumb is that you can spend up to 30 percent of your monthly income on rent but if youre a college student living on loans or only working a part-time job you should aim for. He may buy expensive things that wont be able to afford once he has to pay rent. In this case using the 30 rule for rent youd allocate 1347 a month for rent.

How To Save For College. How To Use A 529 Plan For Private Elementary And High School. Prospective parenting ideas from undergraduate students.

She also had her 3000 savings account. What Are Qualified Expenses For A 529 Plan And What Doesnt Count. Parents tend to cover the rent and sometimes even pay in advance as its easier to pay for a full semester at once rather than to pay month by month.