BOSTON (CBS) –  From my experience (I sent to two kids to college) I have learned that tuition, room and board, the lab fees and medical insurance are just the tip of the iceberg.

If you have a kid that is one or two years away from college you need to know about all of those other expenses.

For example, your daughter just got into your alma mater, Stanford University. And you are so proud. But how much is it going to cost to fly that kid home three or four times a year? What if she is out at UMASS Amherst and she wants a car to make it easier on you so you don’t have to drive out to pick her up?

Aha, the dorm room; it’s going to need help to make it feel like home. First it will need the new computer and printer the school requires. It will need some additional furniture, a rug, perhaps a refrigerator, and of course, they’ll need music, lamps, maybe a TV.

They will need new bedding that fit bedding that if he extra-long mattresses.

Got yourself a jock? You may be looking at buying skates, padding, lacrosse sticks or soccer cleats if they make the team.

And there’s more. Who pays for the concerts that appear regularly on campus, spring break trips and the nightly pizza run? And the laundry. Do they do their own or do they send it out?

The telephone bill can be a biggie. Your kiddo has a cell phone and if he is homesick, he will want to call all of his friends and you. About 10 percent of students away from home for the first time suffer from severe homesickness. Be sure you have a plan with unlimited minutes and texting. Consider using Skype so you can see your student as well as talk to them.

The national annual average for a four-year public college student’s personal expenses is close to $2,000.

Sit your student down and have a money talk with them before they head off to college. And if you have a senior in high school just filling out those pesky financial aid forms consider yourself lucky for you won’t have to undo any bad habits from previous years. Discuss who is going to be responsible for each expense? Have them earmark their summer earnings to pay for some of these extra costs.

This is the time to have the credit card talk also. In order for a student to get a credit card, they will need to have an adult co-sign for the card. This is where you tell them there is no credit card fairy to bail them out if they blow it.

They need to know there is such a thing as a limit on the card and you want them to understand that using the card is a form of borrowing and they must pay it back. And it they are late in paying there will be fees such as late charges and they will pay interest on the loan to the credit card company as well.

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