You’ve picked your college, and you’ve planned nearly everything: how you’re going to decorate your dorm room, the clubs you’re going to join, and how you’ll introduce yourself to your new roommate. Freshman year is going to be awesome.
You’ve also planned to pay for certain things out-of-pocket, including your housing deposit, your textbooks and laundry. But there are other expenses you might not have considered.
We’ve compiled a list of 10 such expenses so you can plan how you’ll pay for them before starting college. Some are unavoidable, but with careful budgeting, they’re all manageable.
1. Interview/business attire
If you’re looking for a work-study job, interviews can start as early as your first semester of freshman year. Then there are career fairs and networking events for internships and post-college gigs. If you want to look your best for those events, you’ll want professional clothing — but that can take a big bite out of your budget.
How to deal:
2. Weather gear
Going to school in another climate? Your flight won’t be the only added expense. For example, if you’re a Texan who’s attending college in New York, you might need a winter coat, boots and gloves.
How to deal:
3. Electronics
You might already own a laptop, but what if it crashes? Even if you bought a new one that should last all four years, anything can happen — spilling a drink on your keyboard, for example. Or what if your major requires extra equipment, such as a camera or editing software?
How to deal:
4. Study abroad
About 1 in 10 college students studies abroad, according to the Institute of International Education. If you do, you’ll have the added expenses of international flights and applying for visas and a passport. Your financial aid package will probably look different for that semester, too: Work-study doesn’t exist overseas and visa requirements can prohibit you from working. You might also be unqualified for certain scholarships that are contingent on you being on campus.
Even if you have a decent amount of cash saved up, currency conversion fees can quickly deplete your bank balance.
How to deal:
5. Clubs, sports and Greek life
Frats and sororities have annual dues that can cost hundreds or thousands of dollars, in addition to the costs of social events, initiation and pledging. Being a member of a club or sports team could also mean shelling out hundreds in transportation costs every year.
How to deal:
6. Printer ink and paper costs
Let’s say you need to print an average of 50 pages per week, and a cartridge produces about 200 pages. If one cartridge costs around $20 — that’s a conservative estimate — you’ll end up spending about $140 on ink per year, taking into account school vacations.
Happily, many schools let students print a certain number of pages for free each semester. That quota might give you more than enough pages, or it might cover only a few weeks’ worth of print jobs.
How to deal:
7. Summer storage
If your journey from home to college involves a flight, it’s usually cheaper — and easier — to store your stuff somewhere near campus than it is to lug it back and forth. But storage can be expensive.
How to deal:
8. Social activities
It’s easy to rationalize spending money on going out as you make new friends. After all, you’re in college for only a few years. But spending mindlessly on social outings will quickly wipe out your bank account.
How to deal:
9. Car costs
Many schools don’t allow freshmen to have cars, but you might be tempted to bring yours once you’ve settled into college life. This means you may be responsible for new expenses, such as parking, gas, insurance, maintenance, and — potentially — tickets. According to a 2015 study by AAA, if you drive your car 15,000 miles per year, the cost of ownership is a whopping $725 per month.
How to deal:
10. Taking longer than four years to graduate
Only about 40% of the class of 2011 who went to four-year colleges graduated within four years, according to the National Center for Education Statistics. You might find yourself in this position if you repeat classes, change your major or transfer schools. Add in the prices of summer semesters and excess credit hour surcharges, and you’ve got an even more expensive college education.
How to deal:
Getting a college education is a major financial commitment, but it is possible to offset some costs by taking advantage of programs your school offers and budgeting for other expenses. When you’re smart with your money, you’ll be able to enjoy your college experience and maintain control of your finances.
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