How Much Does College Really Cost?
While a school's cost of attendance offers a rough estimate of the total yearly cost of college, it can be difficult to pinpoint and break down the exact expenses that you're budgeting for. This guide outlines the specific direct and indirect costs to watch out for so that you can plan your overall budget more effectively.
Download the full guide here.
How much does college really cost?
Pro Tip: Look for the school’s Cost of Attendance on the financial aid department’s website - it will include all of these costs with different estimates depending on residency and whether you’re living in dorms or off-campus.
Costs are divided into two categories:
- Direct Costs, usually paid to the school
- Tuition and School Fees
- On-campus Housing
- Meal Plan
- Enrollment Deposit
- Program Fees, like Flight School
- Indirect Costs, not paid to the school
- Course Materials, like Books or Software
- Fraternity or Sorority Fees
- Off-campus Housing
- Utilities and/or Insurance
- Transportation
- Entertainment
Every semester or quarter should budget for...
- your tuition bill, including housing and meal plans if provided by the school
- books and course materials, which you will purchase and pay for separately
- travel to and from the university if you’ll return home between semesters
Every month, you should budget for...
- rent or housing costs if you aren’t living on campus or staying home with family
- utilities not included in your rent, like electricity, cable/internet, and insurance
- healthcare costs, like prescriptions, routine appointments, and first aid supplies
- subscriptions for any digital services, like Spotify or Microsoft Office
Every week, you should budget for...
- groceries for off-campus students or meals that aren’t included in your plan
- transportation, like the bus or rideshare services, as well as parking if you drive
Every year, you should budget for...
- fraternity or sorority fees if you participate in Greek life

Written By
Juno Team
Juno came into existence to help students save money on student loans and other financial products through group buying power by negotiating with lenders. The Juno Team has worked with 200,000+ students and families to help them save money.