Budget for Unexpected Personal Expenses in College

Costs such as an increase in the price of gas can be budget-busters for college students.

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Whatever amount parents decide to set aside for a student's personal expenses, Goebel recommends they hold the student responsible for sticking to it.

"The college years are a time for all students to learn how to become more independent, both personally and financially," Goebel says.

Trying to fund your education? Get tips and more in the U.S. News Paying for College center.