Hidden Fees? Every College Has Them!

Want to know how much a college will cost you? Look on their website. The tuition, room and board is most likely clearly listed. But is that all it will cost you? If you have or had a student in college, as I did, you know that the tuition, room and board are just the beginning. There are hidden fees you might not see.

By the time you add on lab fees, student fees, dorm damage deposits, technology fees, parking and car registration, activity fees, and the elusive “miscellaneous” fees, you will add from $1000-$5000 in fees to your college bill, depending on the college.

Added to these, you can tack on the cost of books, Greek life, meal plans, and dorm, computer or health insurance to total college costs. And don’t forget travel expenses if your student chooses to attend a college far from home.

In an article in Fortune Magazine, one parent voiced her frustration with the lack of transparency related to college costs:

The fees are typically provided by the college’s bursar’s office, if requested, or listed in various places on a university’s website—but they aren’t always easy to find, says Michelle Gillespy-Goldstein, whose daughter attends the University of Colorado at Boulder.

“The lack of transparency is frustrating,” Gillespy-Goldstein says. “They tell you so many things when they’re recruiting you, but they fail to mention that piece.”

Before choosing a college, parents and students should ask for a detailed listing of additional fees involved if they aren’t listed on the website. In addition, talk to current students on the tour and ask about hidden costs they have encountered while at college.

Why do this? You don’t want any surprises when the first bill arrives.

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