Why Most Families Underestimate the Cost of College
When parents think about how much college will cost, they usually start with the tuition number. But tuition is just one piece of the total cost puzzle—and families that underestimate the true cost of attendance risk over-borrowing or burning through savings too quickly.
What the Real Cost Includes:
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Tuition and mandatory fees
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Room and board (even for in-state students)
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Books, supplies, transportation
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Personal expenses
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Annual increases in cost (3–6% per year on average)
What’s Often Forgotten:
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Lost income if a parent reduces work to support the student
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Travel costs for out-of-state students
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Summer housing or extra courses that extend time to graduation
What to Do Instead:
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Look at each school’s published Cost of Attendance (COA)
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Estimate 4-year total—not just first-year costs
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Consider merit and need-based aid, but also scholarships that require reapplying
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Plan for inflation in college costs over time
Planning with full information empowers you to make better decisions—and can save your family from unexpected financial stress down the road.
Contact Us Today:
Want a full-picture view of college costs—and how to reduce them?
📞 Call us at 770-662-8510
📅 Schedule a free consultation: Book with Jarad
Or visit our Contact Page: https://diversifiedcollegeplanning.com/contact-us/
