The cost of applying to college

KANSAS CITY, Mo. - Senior year is an exciting time for high school students, but it can also be one of the most expensive for parents.

The biggest chunk of your money will likely be spent on college preps. The SAT costs $51, plus $24 to $50 for each subject test. Advanced Placement exams cost $89 dollars.

Although getting college credit in high school could save you money on tuition later on, applying for college is still going to cost you.

"Especially with college applications now, some of them up near $100. I think that's why it is very important to be intentional about the list of colleges that a student does decide to apply to," Patty Montague with the National Association of College Admission Counseling said.

Experts recommend meeting with your student's high school counselor; they can give some advice on managing everything.

They say also talk to your kids about setting a budget for their senior year and encourage them to save some money.

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