Save Money, Live on Campus?

Families should not focus only on tuition when planning the “paying for college” budget. The room and board expense also should be considered.

According to data reported to U.S. News via an annual survey of schools, the average expense for room and board was $10,644 for the 2017-18 academic year.

As costs vary from school-to-school, depending on the location of the school, living on campus may be the cheapest option available to students and families. Here are five examples:

  1. If your school is located in an area where living expenses exceed the national average;
  2. Your school offers housing scholarships;
  3. You’re able to become a Resident Advisor;
  4. You plan to return home during the summer; and/or,
  5. Your school offers a broad range of room rates.

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