At Choose It Right, we come across people all the time who have student loan debt yet they don’t fully understand what they specifically paid for. This is standard across the board – most people look at room and board, as well as the tuition, without truly knowing the breakdown of the costs (many colleges have ways of incorporating the “extras” into your bill). Here is an in-depth view of a few additional costs you may not realize you may be on the hook for during college.
Mandatory fees – many colleges list “fees” on your bill however, they don’t specify where the money specifically goes. This could include everything from costs for using the library, campus transportation, parking fees, class registration, use of athletic facilities, and printing. The good news is that you can seek out all of these items if you like, but you still have to pay for them whether you use them or not.