College beds aren't exclusively beds. They're mini-living room/entertainment centers -- or, depending on your child's willingness to pick up after themselves, storage. If your child will be in a top bunk, extra shelving will be key. Being able to reach an alarm clock without bounding down and across the room could be a very good thing in the morning. Or a very bad one.
$40: Twill backrest ($20), portable lap desk ($20) -- bedbathandbeyond.com
$15: Laptop cooling pad -- target.com
$16.50: E-reader book light -- sears.com
$30: Bunkpal Bed Shelf -- bedbathandbeyond.com
$80: Alarm clock radio, compatible with either iPhone or Android phone (if your child doesn't use the phone as an alarm) -- sears.com
The tally: $965.50