Discuss as:

Hogwarts education could spell financial trouble for wizard families

Warner Bros.

No figures were available on how many Hogwarts students receive financial aid.

"Harry Potter and the Deathly Hallows: Part 2" raked in more than $475 million globally and $168 million domestically in its record-setting opening weekend. By one calculation, that global total is enough to send 11,000 young wizards and witches to Hogwarts School of Witchcraft and Wizardry.

Centives, a blog run by Lehigh University's Economics Society, calculated the cost of Hogwart's tuition based on the cost of a typical English boarding school plus the items specified in the admission letter Harry receives in the first book of the series. Including items such as "three sets of plain robes" and "one cauldron," as sold on Amazon.co.uk, the economists estimate the total cost for first-year students at Hogwarts at 26,816 British pounds, or $42,752. Read the full breakdown here.

If $42,000 sounds a bit steep, you might want to send your little witches and wizards to Hogwarts Camp in Minnesota for only $25. Southwest Minneapolis Patch reports on two 11-year-olds who started their own four-day Harry Potter camp this summer, complete with Quidditch games, potions classes and choosing wands.

If that is still a strain on your tight wizarding budget, you can download the Harry Potter: Spells iPhone app for $1, reduced from $2.99 to celebrate the release of the final HP movie, Geeksugar.com reports. The app invites you to attend Hogwarts, places you in a house using the sorting hat and helps you practice 17 different spells by drawing shapes on the touchscreen.