5 Ways to Save Money While in College

EducationSaving

JonWritten by:

The cost of tuition to attend college can extend beyond $20,000 for private, and $7,000 for public schools. Other expenses such as eating out and parking passes can bring the student much additional debt. Students often takeout student loans and apply for scholarships to help pay for college. While these methods are effective, there are easier ways to eliminate thousands of dollars in debt, with little effort.

#1 Don’t Bring a Car to College

When a student brings a car to college, they are building up large amounts of unnecessary debt from the start of college. The purchase of a new car, parking pass, maintenance, gas, and insurance can easily pull the student thousands of dollars into debt. Although having a car makes visiting friends and picking up items from Wal-Mart easier, it’s not worth the additional debt. As an alternative, students can utilize the bus system, walk, or ride with friends. Those in need of a car to travel home for break can avoid this problem by having a relative or friend take them home. If a student needs a car for a job, then it is worth the student to have a car on campus, however. A good portion of students bring a car on campus for unnecessary reasons.

#2 Buy Books Online

Books are getting expensive, and a lot of books run well beyond $100. A student taking several classes could spend over $800 each semester in books alone by purchasing the books through the college. Websites such as EBay and Amazon allow students to buy used textbooks through sellers much cheaper. Some websites such as Facebook allow students to find books through sellers within the same college and meet them in person for the transaction. By purchasing books online, students can save hundreds of dollars each semester.

#3 Don’t Bring a Computer to College

College campuses often brag about the computers they have available on campus for students, yet many students don’t take advantage of the computers. Students can find computers in the union and the library, available almost 24 hours a day. Not having a computer means a student will also avoid the expense of having a printer. Not only does this save money, but it also frees up the limited amount of dorm room space, and prevents students from spending an endless amount of time on websites such as Facebook and Myspace. As long as the student isn’t one to wait until the last minute to write a paper or study for an exam, not having a computer shouldn’t be a problem.

#4 Use the Meal Plan on the Weekend

The problem with some students, involves eating at restaurants on the weekends. Some places such as McDonalds might only cost $5 a meal, but that adds over time. Other places such as Olive Garden could run the student $20 for dinner. Assuming the student spends $40 each week on eating out; it would cost the student $1200 over 8 months. If the student has a meal plan for the entire week, it should be used. It’s alright to go out and eat once in a while, but not so much that the student is eating out several times over the weekend.

#5 Take Community College Classes

Cost per credit hour at the community college compared to a four year college is enormous. The cost per credit hour at Duke University cost over $1000 whereas the cost at Durham Technical Community college is only $42 per credit hour. Not all classes will transfer, but most general education courses will transfer. A student studying business might find it worth his time to take a summer biology course at the community college to save almost $3000 for the three credit hour course. Students will also find the benefit of a smaller course load during the fall and spring semesters.College is the time when youngsters should focus their entire time in studying so as they pass their exams with flying colors and leave with a degree in hand so that they can apply for high level jobs in reputed organizations but they end up doing the opposite, which includes the author as well, just so as to know. Therefore, it is better to have your child take home tuitions as he can be monitored on how far he has reached in studies and there is a good consultancy service in my area and they found great educators for my son, for which I am thankful.

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