MainStreet ranked the most expensive colleges in the U.S. with the lowest costs of living, according to data from Bundle.com, to help prospective students determine where they can get a top-notch education without going broke.
NEW YORK ( MainStreet) – As college admissions letters roll in, so do the financial aid and scholarship packages. Decisions need to be made and the cost of tuition and room and board play a strong role in planning which college to go to. However, MainStreet and Bundle.com have partnered up to take into account another side of a student’s financial life: the cost of living. Bundle took the top 100 most expensive schools from CampusGrotto.com, which ranked the schools based on cost of tuition plus room and board, then added its own data on extra expenses in the entertainment, groceries, general shopping and dining out categories. These were the most expensive items coming out of a student’s wallet, according to Matthew Yang, a data analyst at Bundle.com. MainStreet wanted to see which of the most expensive schools in America actually had low out-of-pocket expenses, since college expenses can vary widely depending on where the college is located. So, we added up the average spending per month in each of the four categories to see how much a student pays purely on extras in a month. Photo Credit: threephin