Money Saving Tips for College

Money Saving Tips to Reduce College Costs

College costs are rising and families have little control over these rising costs. However, students can take certain steps to slice some of the costs associated with attending college. Numerous ways exist for reducing college costs, especially for the creative-minded student that plans ahead. This article is devoted to sharing ideas for cutting college costs.

To begin with, the cost of books is a significant line item in the college budget. So much so, that we have an article dedicated to ways of saving on books which you can view on this site. In short, there are a number of ways to save on books, including buying used books, selling back books at the end of the semester, renting textbooks, using copies in the college’s library, and/or utilizing e-book options. Greater details on these options can be found at Saving Money on College Books.

Additional Money Saving Ideas

* Think like a bargain hunter! Purchase supplies and incidentals at discount stores instead of on campus. Stock up before coming to campus!

* Once on campus, use a college debit card or bank debit card to control spending. While having a credit card available may be prudent for travel expenses and emergencies, it is wise to use a debit card for standard purchases so that credit card debt doesn’t accumulate. Students should be wary of accumulating debt.

* Take advantage of the Federal Work Study (FWS) Program, if it is offered to the student by the financial aid office. Working part-time on your college campus is a great way to help out paying for incidentals as well as gain experience.

* Make sure to waive the health insurance fee assessed by your college if the student is covered by a family health plan. Don’t double pay for insurance! Contact the Registrar’s Office to discuss the options for health insurance or to request a health insurance waiver form.

* Some colleges provide free or discounted room and board options in return for hours worked in a Resident Assistant (RA) or similar position.

* If you attend a college that offers a Co-Op program, take advantage of it! Not only, in some cases, can you earn money, but also valuable work experience.

* Make sure that you take all the credits that you pay for! Some colleges will charge you for more credits than you actually take. For example, when I attended college, the college charged for 18 credits, which was equal to 4 full courses plus 2 additional credits. The college required me to take 4 full courses only, but I paid for the additional 2 credits each semester. Take advantage of credits paid, as you could shave off some tuition costs at the end of your program at some colleges. If academically possible, take the maximum number of credits allowed as this could potentially shave off the amount of time needed to graduate.

* Take control and control college costs whenever possible! The above ideas are just some of the ways that you can decrease the cost of college.

For more money saving tips and sound advise, check out Financial Aid $ense.

"Financial Aid Book"

Jan Marie Combs, EzineArticles Basic Author