Don't Waste Your Money: Beware of hidden extra college costs - Toledo News Now, Breaking News, Weather, Sports, Toledo

Don't Waste Your Money: Beware of hidden extra college costs

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(Toledo News Now) -

College students everywhere are heading back to school. If you're a parent who just wrote a tuition check, you've probably sighed relief because you think you're set for a while. But be aware, extra fees are about to hit.

Son or daughter heading to college? Forget all those warnings about soaring tuition costs. The newest shock is the thousands of extra dollars you'll have to pay for books, fees, even fraternity or sorority memberships.

The check for tuition, room and board is just part of the fiscal shocker many will face, according to a new report from The Fiscal Times.

Students we spoke with at Northern Kentucky University, like Michael Weahby, have to work just to pay for all the extras.

"I'm working, trying to pay for my books, because that will come to about $500," Weahby said.

Textbooks

For starters, textbooks now average $600 a year, according to The Fiscal Times.

Student Lajaye Jackson said, "I have a $130 psychology book that I might not even need next year, but I still have to buy it."

Parking

Then there are parking fees if you have a car, which can total to more than $200 a year at many schools.

"It's $220 for a year. It's expensive, but I'm used to paying it every year," said Tina Pocock.

Health/Infirmary

Mandatory health services cost between $200 to $800 annually at many schools.

Greek Life

Thinking of joining a frat or sorority? Dues and events average $1,300 a year, the report says.

"I want to do Greek life, but it's so expensive on top of everything else," said Liz Bishop.

The Bottom Line

The tuition bill is just a start. Plan on several thousand dollars a year in hidden, add-on costs.

The worst part with many of these add-on fees is they're not covered by federal loans, and you're not going to find a scholarship that covers sorority initiation.

So be sure to set aside extra money for extras you don't expect, that way you don't waste your money.

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