College can be expensive, and most people take a tally of all the things they will have to pay for to get an education. From books, to tuition, to food… every dime has to be accounted for. But one major expense that most people don’t account for is alcohol. Which leads to the question: how much do college students actually spend on alcohol each year?
Estimates vary for how much the average college student spends on alcohol. The most agreed-upon figure available is that college students spend $5.5 billion on alcohol every year. Some estimate that yields about $50 a month, or up to $600 a year per student. Other estimates put that figure at a total of $900 a year. The most aggressive estimates say that college students average upwards of $5,000 over the course of their college career. You probably didn’t put that in your financial planner!
College binge drinking has risen sharply in recent years, as well. This trend suggests college alcohol spending will continue to rise in coming years.
But the price of alcohol extends beyond the wallet or purse for college students. College students who binge drink experience a number of other costs, including:
Binge drinking and partying has been perceived by many as a major part of the American college experience. Watching movies like Spring Breakers and Old School, it’s easy to imagine that all college students spend their weekends in parties that spill out onto the lawns of fraternities.
In reality, only two out of five college students binge drink. Besides binge drinking, college alcohol consumption rates have remained steady since the 1970s. It’s important for college students to know two facts:
If you know a college student who needs help to stop drinking, contact Banyan Treatment Center. Young adult treatment at Banyan is personalized to each client’s needs, and our sunny location near the beach in South Florida makes treatment enjoyable. Addiction treatment can change loved ones’ lives, and even save them money in the long run. Call Banyan Treatment Center today to hear about pricing and insurance coverage for young adult rehab.