For Parents: About College Expenses

Higher education in the United States can be very expensive. It may cost up to $30,000 or $40,000 per year to pursue a degree in the US. Therefore, it is extremely important to have a very realistic picture of how much the entire education will cost, and also of how much the student and his family can afford to pay. Financial planning must begin early; students must have proof of their ability to finance their education before they will be granted a visa to come to the US. Unfortunately, there are many foreign students who eventually have to return to their home country before completing their degrees because of lack of financing. In order to avoid this problem, use the information and resources in the financing section to help you plan and prepare properly.

Keep in mind that while the biggest expenses (such as tuition, room and board, and books) will require two or three large payments per year, students will also need some money on a monthly basis for items such as telephone bills, clothing, school supplies, entertainment, and personal items. Also keep in mind that there may always be unexpected expenses. It is a good idea to plan for any emergencies (such as a sudden illness) and to have backup sources of funding, if possible.

While very expensive, an American education is an investment that will greatly benefit the student's future. For many families it is a large sacrifice, but one that is extremely rewarding.

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