College Life
by Lisa Endlich Heffernan | January 11, 2021
As teens prepare for college, it’s hard to know how much spending money they will need once on campus. Many freshmen live in dorms and rely on meal plans paid for in advance.
But they may have other out-of-pocket expenses like an early morning coffee or late-night pizza, items at the drugstore, school supplies, or even some entertainment that are not covered by room and board.
What else does my teen need cash if I pay for tuition, room, and board?
Even a student with tuition and room and board covered by some combination of parents, financial aid, and loans will sometimes need funds. For students with cars on campus, gas becomes a major expense. For others, Uber and Lyft can be an extra charge. Students also spend money on school supplies, club or team expenses, items at the pharmacy, eating out with friends, entertainment like Netflix and gaming, clothing, and more.
How much money do college students living on campus need?
A student’s amount varies widely depending on their spending patterns, geography, and the nature of their meal plan. Parents tell us that some students spend almost nothing, taking full advantage of what the cafeteria offers. Still, students in large cities often find eating out and off-campus entertainment tempting.
How much money do parents give their college students weekly?
The answer varies, but some clear trends emerge. Many parents told us they don’t give their students any extra funds. These teens living on campus are expected to fund their extra expenses.
Many families expect their students to fund their entertainment and non-necessary expenses during the semester with money earned during the summer or with an on-campus job. Any extras beyond housing and campus meal plan are up to the student to pay. As one parent noted, “Fun money is on them.”
Some parents said that although they expected their teens to pay for extras like eating out with friends out of their own money, they gave their students a small amount of cash for necessities like shampoo, laundry, and school supplies.
Some students were given money when expenses arose rather than as a prescribed regular weekly amount.
The consensus among the hundreds of parents who did send their college students spending money was that the range should be between $25-$75 a week for a student living on campus. The most common answer was $50 a week or $200 monthly. Students who had cars on campus needed more than those who didn’t.
A smaller group of parents didn’t give their teens cash regularly but instead offeredthem access to their Amazon and Uber accounts to use as needed. Parents can monitor this spending in real-time and note any excessive usage.
How do parents send money to college students living far from home?
Parents loaded funds weekly or monthly onto their teen’s debit cards to make them available. Others sent funds through apps like Venmo or Zelle. Other parents said they transferred funds into their student’s bank accounts at the beginning of each semester, and it was up to their teens to budget their funds until vacation.
More to Read:
22 Jobs Teens Can Do to Earn Money During the Summer, and School Year
Home / Articles / College/Off to College / College Life / How Much Spending Money Does My College Student Need?
About Lisa Endlich Heffernan
Lisa (Endlich) Heffernan is the co-founder of Grown and Flown, the #1 site for parents of teens, college students and young adults, reaching millions of parents every month. Lisa is a New York Times bestselling author.
She started the Grown and Flown Parents Facebook Group and is co-author of Grown and Flown: How to Support Your Teen, Stay Close as a Family, and Raise Independent Adults (Flatiron Books) now in paperback.
Read more posts by Lisa
College Life
Dear Parents of College Freshmen: They Will Figure Out Where to Fill Their Water Bottle
by Carrie Kirby | August 8, 2024
When we stepped out of the elevator in my daughter’s dorm on move-in day, her younger sister dramatically pointed to a fixture on the wall. “There! That’s where you will fill your water bottle!” It had become a family joke over the course of the summer. I had joined a few college parent Facebook groups,…
Continue Reading
Dorm Shopping
lululemon: Top Back-to-School Favorites Your College Student Would LOVE
by Madeleine Korn | August 5, 2024
For style and comfort, lululemon is my favorite place to shop for back-to-school casual and athletic wear. lululemon apparel and accessories are perfect for everyday use, a full day of classes, training for a college athlete, or if students just want to feel extra cozy on their day off. Here are my top picks from…
Continue Reading
College Freshman Year
College President: Five Ways Students Can Get the Most Out of College
by Adam Weinberg | July 25, 2024
College is a big investment of both money and time. As a college president and parent of two former and one current college student, here are five things you might encourage your student to do. Five things students should do to succeed in college 1. Be fully engaged in academic courses and the campus community…
Continue Reading
Stuff We Love
The 6 Best Luggage for College Students and Study Abroad
by Lindsay Boyers | June 28, 2024
Whether you’re off to your first year of college or traveling overseas for a semester abroad, you’ll need a suitcase that can haul your essentials — preferably in style. The best luggage for college students is lightweight and roomy, but also has a streamlined design that doesn’t take up too much space in a dorm…
Continue Reading
Stuff We Love
The 9 Best College Textbook Websites: New, Used, and Rentals
by Sara Hendricks | June 12, 2024
You’re all set with your college student’s dorm supplies, dorm decorations, and meal plan. Now, it’s time to think about one of the most important parts of their university journey: their textbooks for class! (That’s kind of the whole reason they’re in college, after all.) We found the best college textbook websites to make stocking…
Continue Reading
Siblings
Brotherly Bonding: How My College Sons Grew Close Again
by Kirsten Harrington | May 11, 2024
The pictures on my phone of salt and pepper gnocchi and parmesan risotto brought me to tears. “We went to dinner tonight at an Italian restaurant near my campus,” my college freshman texted with the photos. The “we” in the equation was my two sons, a year apart in school and studying at different universities…
Continue Reading
College Freshman Year
The Biggest Difference Between College In the 90s and Today
by Kim Brown | April 29, 2024
I found my people in college, but I’m pretty sure everything has changed. Yale, New Paltz, University of Colorado, Syracuse, U Mass: The universities my family and I visited were vastly different, but alike in one way. The campuses were quiet.Students were plugged in to their phones. One of our first college visits was to…
Continue Reading
College Life
The 14 Best Desk Accessories for College Students
by Grace Cooper | April 25, 2024
College may be fun and exciting, but your budding student is there to learn. Once you’ve furnished all of your student’s dorm necessities, like bedding and a shower caddy, it’s time to turn your sights to where they’ll be spending the majority of their time: their desk. The best desk accessories will serve a daily…
Continue Reading
College Life
Mom’s Weekend at College: There Really Is Something About Boys and Their Mamas
by Laura Hanby Hudgens | April 23, 2024
Recently, I attended Mom’s Weekend hosted by my son’s fraternity. In case you aren’t familiar with the concept, Mom’s Weekend is when a bunch of boys, ages 18-22, plan(ish) and organize (sort of)a weekend of mother/son events that include eating, drinking, socializing, and (conveniently) even shopping for frat apparel. Some thoughts I had during Mom’s…
Continue Reading
College Life
10 Things College Students Miss Most When They’re Away From Home
by Madeleine Korn | April 17, 2024
Being away from home at college is an excellent opportunity for students to learn about themselves and gain independence while emerging into adulthood. While it may seem like college students LOVE everything about college, there are several things at home that college students miss while they are at school. 10 things teens miss when they’re…
Continue Reading