Learning Curve

Back-to-school sticker shock

Dan Abendschein Jul 30, 2014

The annual back-to-school spendathon is almost here. And for public-school parents, it’s going to be pricey.

Huntington Bank is out with its annual “backpack index,” which tracks the cost of school supplies. The bad news: elementary school kids will need $642 in extras this year, middle-school kids will spend an additional $918, and high school students will get hit up for an additional $1,284.

Those estimates translate to an 11 percent jump, 20 percent jump, and 5 percent jump, respectively.

The biggest bumps are expected to come from higher standardized-testing fees, and fees for things like school trips, music classes and sports, according to Huntington. Many middle-school kids will also need a graphing calculator, which can run nearly $130.

Huntington didn’t include laptops or tablets in its index. But many parents will be facing extra costs for those, as well.

Since Huntington started tracking the cost of school supplies in 2007, the bank estimates they have increased 83 percent for elementary school students, 73 percent for middle school students and 44 percent for high school students.

Here’s a guide, from the group, on what you can expect this year.

We’re here to help you navigate this changed world and economy.

Our mission at Marketplace is to raise the economic intelligence of the country. It’s a tough task, but it’s never been more important.

In the past year, we’ve seen record unemployment, stimulus bills, and reddit users influencing the stock market. Marketplace helps you understand it all, will fact-based, approachable, and unbiased reporting.

Generous support from listeners and readers is what powers our nonprofit news—and your donation today will help provide this essential service. For just $5/month, you can sustain independent journalism that keeps you and thousands of others informed.