Average Student Budget

4% Books & Supplies Breakdown of Average Student Budget $57 3% Transportation Average price of a new college textbook in the 2008-2009 school year. 40% Discretionary - 6.5% Entertainment Mean Mean 1% Health Care monthly monthly earnings: 8% Other Expenses amount 7% Other 6.7% Apparel & Services received $453 from home: $312 19% Tuition & Fees 4.7% Travel & Vacation Average 2008-2009 Tuition 22.1% Other 5.9% $25,143 6.4% $6,585 over last year Percentage of students who own: $8,989 Cellphone 90% DVD Player Television $7,748 76% 73% $10000 $20000 $30000 Digital Camera Digital Music Player 56% | Private Colleges 37% Public Colleges 100% Average 2008-2009 Room & Board 26% Room & Board 66% Receive funds from home College students are expected to spend more than Inconsistent relationships between percentages of income spent and actual cost of tuition and room and board expenses can be explained by the financial help given by parents toward tuition, but not necessarily toward housing and food costs. $10.5 billion 49% Work part-time 15.9: mean hours worked part-time gearing-up for campus this year, according to the National Retail Federation. 20 h 40 h According to a study of student expenditures at Yale University in 1915, one college freshman spent $4,500 in his first year (the equivalent of $94,541.44 in today's dollars). The least amount spent by a freshman that year was $200, or $4,201 adjusted for inflation. $2000: Average credit card debt for college students, according to Nellie Mae. 2009 $ 1915 $ $20000 $952 $40000 $1904 $60000 $2856 $80000 $3808 $100000 $4761 Sources: O'Donnell & Associates, LLC College Student Spending Behavior • Monthly Labor Review • Student Monitor spring 2006 survey of 1.200 students on 100 campuses nationwide 4% Books & Supplies Breakdown of Average Student Budget $57 3% Transportation Average price of a new college textbook in the 2008-2009 school year. 40% Discretionary - 6.5% Entertainment Mean Mean 1% Health Care monthly monthly earnings: 8% Other Expenses amount 7% Other 6.7% Apparel & Services received $453 from home: $312 19% Tuition & Fees 4.7% Travel & Vacation Average 2008-2009 Tuition 22.1% Other 5.9% $25,143 6.4% $6,585 over last year Percentage of students who own: $8,989 Cellphone 90% DVD Player Television $7,748 76% 73% $10000 $20000 $30000 Digital Camera Digital Music Player 56% | Private Colleges 37% Public Colleges 100% Average 2008-2009 Room & Board 26% Room & Board 66% Receive funds from home College students are expected to spend more than Inconsistent relationships between percentages of income spent and actual cost of tuition and room and board expenses can be explained by the financial help given by parents toward tuition, but not necessarily toward housing and food costs. $10.5 billion 49% Work part-time 15.9: mean hours worked part-time gearing-up for campus this year, according to the National Retail Federation. 20 h 40 h According to a study of student expenditures at Yale University in 1915, one college freshman spent $4,500 in his first year (the equivalent of $94,541.44 in today's dollars). The least amount spent by a freshman that year was $200, or $4,201 adjusted for inflation. $2000: Average credit card debt for college students, according to Nellie Mae. 2009 $ 1915 $ $20000 $952 $40000 $1904 $60000 $2856 $80000 $3808 $100000 $4761 Sources: O'Donnell & Associates, LLC College Student Spending Behavior • Monthly Labor Review • Student Monitor spring 2006 survey of 1.200 students on 100 campuses nationwide 4% Books & Supplies Breakdown of Average Student Budget $57 3% Transportation Average price of a new college textbook in the 2008-2009 school year. 40% Discretionary - 6.5% Entertainment Mean Mean 1% Health Care monthly monthly earnings: 8% Other Expenses amount 7% Other 6.7% Apparel & Services received $453 from home: $312 19% Tuition & Fees 4.7% Travel & Vacation Average 2008-2009 Tuition 22.1% Other 5.9% $25,143 6.4% $6,585 over last year Percentage of students who own: $8,989 Cellphone 90% DVD Player Television $7,748 76% 73% $10000 $20000 $30000 Digital Camera Digital Music Player 56% | Private Colleges 37% Public Colleges 100% Average 2008-2009 Room & Board 26% Room & Board 66% Receive funds from home College students are expected to spend more than Inconsistent relationships between percentages of income spent and actual cost of tuition and room and board expenses can be explained by the financial help given by parents toward tuition, but not necessarily toward housing and food costs. $10.5 billion 49% Work part-time 15.9: mean hours worked part-time gearing-up for campus this year, according to the National Retail Federation. 20 h 40 h According to a study of student expenditures at Yale University in 1915, one college freshman spent $4,500 in his first year (the equivalent of $94,541.44 in today's dollars). The least amount spent by a freshman that year was $200, or $4,201 adjusted for inflation. $2000: Average credit card debt for college students, according to Nellie Mae. 2009 $ 1915 $ $20000 $952 $40000 $1904 $60000 $2856 $80000 $3808 $100000 $4761 Sources: O'Donnell & Associates, LLC College Student Spending Behavior • Monthly Labor Review • Student Monitor spring 2006 survey of 1.200 students on 100 campuses nationwide 4% Books & Supplies Breakdown of Average Student Budget $57 3% Transportation Average price of a new college textbook in the 2008-2009 school year. 40% Discretionary - 6.5% Entertainment Mean Mean 1% Health Care monthly monthly earnings: 8% Other Expenses amount 7% Other 6.7% Apparel & Services received $453 from home: $312 19% Tuition & Fees 4.7% Travel & Vacation Average 2008-2009 Tuition 22.1% Other 5.9% $25,143 6.4% $6,585 over last year Percentage of students who own: $8,989 Cellphone 90% DVD Player Television $7,748 76% 73% $10000 $20000 $30000 Digital Camera Digital Music Player 56% | Private Colleges 37% Public Colleges 100% Average 2008-2009 Room & Board 26% Room & Board 66% Receive funds from home College students are expected to spend more than Inconsistent relationships between percentages of income spent and actual cost of tuition and room and board expenses can be explained by the financial help given by parents toward tuition, but not necessarily toward housing and food costs. $10.5 billion 49% Work part-time 15.9: mean hours worked part-time gearing-up for campus this year, according to the National Retail Federation. 20 h 40 h According to a study of student expenditures at Yale University in 1915, one college freshman spent $4,500 in his first year (the equivalent of $94,541.44 in today's dollars). The least amount spent by a freshman that year was $200, or $4,201 adjusted for inflation. $2000: Average credit card debt for college students, according to Nellie Mae. 2009 $ 1915 $ $20000 $952 $40000 $1904 $60000 $2856 $80000 $3808 $100000 $4761 Sources: O'Donnell & Associates, LLC College Student Spending Behavior • Monthly Labor Review • Student Monitor spring 2006 survey of 1.200 students on 100 campuses nationwide