An interesting infographic (click the image to enlarge) showing the breakdown of an average college student's budget. If you look at the tuition portion, it is 19% of their spending of $13,000 per year, or $2,470. For room & board it is 26%, or $3,380 per year. This represents 51% of the average tuition expense after all grants (the amount that needs to be covered by savings, income, and loans), and 41% of the average room & board expense (per the
National Postsecondary Student Aid Study).
While this is commendable, the fact that 40% of their budget is discretionary seems a bit distrurbing to me. And I suppose the $50 per month on beer that they spend on average is consolation when they think of their student loans. Cheers!
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