Surprise! More College Costs

Tuition, room and board aren't the only bills a student will rack up at school. Here are six unexpected costs to anticipate, and tips to ease the financial pinch.

Last week I laid out a crash course in managing money for financially clueless college freshmen. If your student is already a good money manager, consider yourself fortunate. But don't breathe too deep a sigh of relief just yet.

Sending a child off to college often raises unexpected financial issues that it's best to settle in advance. You don't want your fond farewell on the dorm steps to turn into an argument about who's going to pay for books (as happened with my son's college roommate and his parents).

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Janet Bodnar

Janet Bodnar is editor-at-large of Kiplinger's Personal Finance, a position she assumed after retiring as editor of the magazine after eight years at the helm. She is a nationally recognized expert on the subjects of women and money, children's and family finances, and financial literacy. She is the author of two books, Money Smart Women and Raising Money Smart Kids. As editor-at-large, she writes two popular columns for Kiplinger, "Money Smart Women" and "Living in Retirement." Bodnar is a graduate of St. Bonaventure University and is a member of its Board of Trustees. She received her master's degree from Columbia University, where she was also a Knight-Bagehot Fellow in Business and Economics Journalism.