Question: How Much Should I Give My College Student Per Month?

How much money does the average college student spend on groceries?

Another survey estimates that the average adult spends between $10-12 per day on food, which comes out to about $70-84 per week.

This means college students spend, on average, somewhere between $630-$1,260 on food each semester.

Remember, this is just to cover groceries..

What do college students spend money on?

Apart from spending on tuition and other academic needs, they also pour out large sums of money for non-essential requirements. Rent and food bills follow tuition expenses as the next most paid for items in the budget. College students also incur several discretionary expenses.

What is the average living expenses for a college student?

The College Board estimates that the typical living cost for a full-time student attending college during the 2016-2017 academic year ranges from $11,810 on a low budget to $17,620 on a moderate spending plan.

How much spending money does a college student need per month?

But, generally speaking, the going rate for a spending allowance at college seems to be $100 to $300 a month, said Leah Bourne, managing editor of the financial site The Money Manual. A 2018 OppLoans poll of 1,000 college students bears that out; 67% said they receive $2,000 or less annually from their parents.

How much allowance should you give a college student?

But, generally speaking, the going rate for a spending allowance at college seems to be $100 to $300 a month, said Leah Bourne, managing editor of the financial site The Money Manual. A 2018 OppLoans poll of 1,000 college students bears that out; 67% said they receive $2,000 or less annually from their parents.

How much pocket money should a college student get?

Most students will fall somewhere between the two. Since many college students work and earn an average of $195 per week or $10,000 if working part-time year-round, they should not need any help with “spending money.”…Sample Budget.Budget CategoryTravel (amount dependent on how far away from home you go)$300-$1,0009 more rows