Huntington Bank released its annual Backpack Index this morning. The itemized accounting of school supply costs and fees indicates that parents of elementary, middle and high school students can all expect to pay more this school year.
The costs include the cost of musical instrument rental, sports participation fees and college prep testing materials for high school students. Compiled using the moderately priced retail costs of items on school supply lists from across six states, Huntington calculates student costs as follows:Elementary school: $576.00 Middle school: $762.00 High school: $1,223.00
Compared to the 2012 Backpack Index, the 2013 costs represent a 5.3% increase for elementary and middle-school costs and a 9.5% increase for high school costs.
Since the Backpack Index was introduced in 2007, Huntington has measured cost increases of 22% for elementary students, 43% for middle school students and 23% for high school students. Huntington attributes the bulk of the increased cost to pay-to-play sports fees.