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How Much Does it Really Cost to Send Your Kid Back to School?

It's back to school time and it's going to cost you. Check out the video to see how much.

It's back to school time and even if your kid is getting a free education, it's going to cost you.

According to a 2018 Deloitte study, additional expenses for elementary school students will cost on average $637 and for high school students those costs exceed $1300.

Technology, college prep, and athletic participation fees all factor into these costs, but where parents spend the most money is on new clothing.

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According to a 2018 Backpack Index study, the average household will spend 72% of its back to school budget on clothes, leaving less than 30% for school supplies. Additionally, only 23% of parents will use their budget on computer hardware.

It is estimated that American parents will spend close to $25 billion on school clothes this year.