Guides: 3 Big Ways to Save Money While in College

[fa icon="calendar"] 2/26/18 12:00 PM / by Christina Le

Everyone knows that college isn’t cheap. Other than the staggeringly high tuition costs, most college students also have to worry about purchasing textbooks and materials for classes, paying rent and 

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bills, and other necessities. Worrying about having to save money should not be the focus of your college career. You are there to learn, not to worry about the pennies that remain in your savings account! Although college is expensive, here are ways you can quickly cut down on how much you are paying, and save yourself and your parents a lot of money in the long run.

1. Look for scholarships.

Scholarships are a great way to save money on college. There are hundreds of scholarships out there that you could be eligible to apply for. Some of the requirements can be as easy as being a certain ethnicity or playing a particular sport! Scholarships can give you a certain amount of money, such as $300, or can even cover your room and board for the semester.

Regardless of whether the scholarship is big or small, you’ll be saving money. Most students end up winning these scholarships because there are so few other applicants to compete against. So go ahead and look for those scholarship opportunities!

Click here for help with scholarship applications!

2. Consider going community.

Community college isn’t the end of the world, especially if you’re trying to save money! Attending a community college will save you so much money in the long run. The classes are cheaper, which allows you to be able to take different classes to see which ones you’re passionate about. You also won’t have to worry about paying for rent or food since you’ll be living at home anyway!

You can also use scholarships as mentioned above to get free textbooks and school supplies. Furthermore, community colleges generally have smaller class sizes as well. This means more focus on you as an individual student, and it’ll be easier to ask your professors for help or one-on-one tutoring.

3. Stay in your state.

When you go to a school out-of-state, the costs of college become substantially higher. Now, you have to pay for airplane fees for when you want to go home, your tuition prices are increased, and other costs apply. Typically, students who attend colleges in-state are given favored treatment when it comes to tuition, since these schools are funded by state taxes.

Scholarships and financial aid benefits are often greater for students staying in-state as well. Going to a college not too far away can help you cut down if you are on a tight budget, and can just be more convenient overall. You might think that being near your parents will drive you crazy, but living close to them will help you save money in the long run. It is also easier to get accepted into an in-state college, and these colleges are no less academically rigorous than any other school. Furthermore, it is easier to go home during breaks or if there is a family emergency, and you won’t have to pay an arm and a leg for it!

Click here to learn more! 

Topics: Life in College, Financial Aid & Managing Your Finances

Christina Le

Written by Christina Le

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