Quick Answer: How Much Do College Students Spend On Books And Supplies?

College textbooks cost too much—and something needs to be done about it, according to a report from the advocacy group U.S.

PIRG.

The College Board estimates that the average student in this country spends around $1,200 a year on books and supplies.

A single book can cost as much as $200.

How much does an average college student spend on books?

The National Association of College Stores (NACS) says the average college student will spend $655 on textbooks each year, but with a single textbook easily costing as much as $300, that total can easily be much higher. In fact, the College Board puts the annual cost of books and materials at $1,168.

How much do college students spend on supplies?

The cost of college supplies for a typical student usually depends on where the student is planning on attending school and what she or he intends to study. For the average undergraduate student at a four-year learning institution, the price for books and supplies usually exceeds $1,000.

How much does the average college student spend on personal expenses?

Books and School Supplies

The National Association of College Stores (NACS) estimates that the average college student will spend $655 per year. The College Board puts that number even higher at $1,168 per year.

How much should I budget for college books?

Plan to sit down before reading the next sentence. The College Board reports that between course materials and textbooks, students can expect to spend at least $1,200 in 2017-2018 and between $1,240-$1,440 for the 2018-2019 academic year.

Why are college books so expensive?

Textbooks are costly because publishers release expensive new editions each year, undermining the used-book market, says Alex Neal, CEO of Campusbooks.com. “Since the publishers don’t make any money off used-book sales, their business model is to make the old editions obsolete and force you to buy a new book,” he says.

Is it better to rent or buy books for college?

Typically, buyback programs don’t offer you as much money for your books. So something you purchased for $75 might sell for $20 at the end of the semester. Since you own the book, though, you also have the option to keep it for future reference or sell online. Renting textbooks is much cheaper than purchasing books.

How much do college students spend on housing?

housing and meals—can range a lot depending on where you live and what school you go to. Students at public schools can expect to pay an average of $8,887 and those at private schools will pay an average of $10,089 per year. These prices are for dorms on campus.

How much do college students spend on groceries?

Another survey estimates that the average adult spends between $10-12 per day on food, which comes out to about $70-84 per week. This means college students spend, on average, somewhere between $630-$1,260 on food each semester.

How much money do college students have?

For the 2017-2018 school year, tuition at a four-year private college costs an average of $34,740. Public universities charge in-state students $9,970 and out-of-state students $25,620. During your time in school, expect the yearly price to increase by an average of 2.4% at private colleges and 3.2% at public colleges.

How much money should parents give college students?

Allowances and parental supervision of spending

Some families give their students a monthly allowance, ranging from $75–$225, to supplement the student’s own savings. After the first year, especially for students making good money through summer employment, an allowance may no longer be necessary.

How much spending money does a college student need per week?

Sample Budget

Most students will fall somewhere between the two. Since many college students work and earn an average of $195 per week or $10,000 if working part-time year-round, they should not need any help with “spending money.”

What do college students spend the most money on?

10 Ways College Students Waste Money

  • Food. As teens graduate high school and go off to college, this is the first time many students have to manage their own budgets and meals.
  • Books.
  • Late fees.
  • Entertainment.
  • Printing costs.
  • Electronics.
  • Clothes.
  • Room and board or expensive rent.