Published June 2011. Financial aid and student loan rules change often, so some details may be out of date. Ask us about your situation.
Now that High School Graduation is here, summer plans are being made and the excitement of going away to college is a hot topic of conversation! Although this is the best of times for High School seniors, many parents are trying to figure out exactly the upcoming college costs. Parents, the good news is you can control the costs of Room and Board.
Since you know your student better than anyone, try to gauge their living and eating likes/dislikes away from home. Most colleges price Room and Board randomly in publications, on websites and even send you a bill with “their” room and board charges. However, before you receive the room and board charges, investigate the many different living options and meal plans available to on campus students. Most importantly, today there is a variety of living arrangements on campus from “traditional” dorm rooms to modern townhouses. Parents contact the college directly and determine the room and board options that best suits your budget and your student, possibly saving you thousands of dollars!