How much money does my student need once they arrive on campus?
The amount of money a college student needs will vary depending on his or her personal spending habits. If your student always has to have the latest things, they may need more money than another student who is more of a “saver.” This is an important conversation to have, prior to your student’s arrival on campus. One suggestion is to draw up a four-year budget detailing costs, what parents and the student are each paying for and who is responsible for paying expenses if the student is faced with being in college for five or six years. Consider budgeting for a travel abroad experience.