There is no denying that college is expensive. The College Board reported that the average amount borrowed by 2017-2018 bachelor’s degree recipient who took out loans to pay for college was nearly $29,000. With hearing this, the idea of saving money in college sounds impossible but there are some ways you can save money, especially if you have a loan since you can easily refinance student loans.
If you are thinking about going to college or looking for ways to help your child save from being years in debt after they graduation, then you came to the right place to find ways to keep your costs down.
Check out these 10 Ways You Can Save on College Costs!
1. Go to College in State
Apply to colleges that are in-state. There are huge amounts of savings you can save on college tuition if you do. If you don’t plan on staying in-state for college, consider regional tuition breaks. Often these can cut costs. Speak to the colleges about any additional ways to save on tuition too.
2. Consider Community College
If money is tight but you are wanting to go to college then consider going to community college. Most community colleges will have a transfer plan if you plan on attending a four-year university. You can also take community college courses during high school or the summer before college to accrue early credits.
3. Live at Home
Kids look forward going away from home when college comes around. The idea of going to college and still living at home with mom and dad doesn’t sound like the most fun way to do college.
If you are wanting to graduate nearly debt-free then it might be worth it. Consider going to a college that is close to home and the benefits of living at home. Living at home during college can save you thousands on rent, laundry, food, and so much more.
4. Live with Roommates
If you prefer to not live at home, then why not get a place with some roommates? Living in a place with roommates can really make the difference to save some money too. You can get your own space and save even more along the way. You’ll also learn how to handle different personalities, which can really be an experience help you once you graduate and enter the working world.
5. Using Your Student Status
While being a student can be expensive, there are a lot of perks that come with it. As a student you can have access to free things, such as transit passes, gym memberships, tutoring, and counseling services. A student status may also get some discount rates. Discounts you might be able to get with a student status is at museums, concerts, car rental, and technology.
6. Apply for Scholarships
Scholarships are a great way for all students to get money towards their college tuition. No matter the size, small or large, a scholarship can really contribute to you saving more on your tuition. As well, not all scholarships are based on GPA. There are scholarships for almost everything, such as financial need, athletic ability, minority status, single moms, and more! If you are an American student, don’t forget to fill out a Federal Student Aid (FAFSA).
7. Get a Job
If you can juggle working a job and going to school, then it is a great way to avoid debt. You will have continuous source of income to help pay for other expenses too. Working a job can also help build your resume and professional network. You may also learn to become more organized and efficient with having so many important obligations.
8. Corporations Paying for College
There are some corporations that will offer programs to their employees to get online degrees. With these programs you can save a lot of money. Some companies will even help pay for tuition or help workers pay back their student loans after college.
Some places that offer these kind of programs are Starbucks and Walmart. You might not want to work all four years of college but being almost debt-free and with a strong employment history can really be worth it all.
9. Stay on Track
It can be easy to get caught up in all that is happening around you, but it’s important to make sure you are staying on track with graduation and earning good grades in your college courses. Be sure to take full class load, keep up with any graduation requirements and putting time into studying to earn good grades in your college classes.
10. Use Your Meal Plan Correctly
If you are planning on living on campus and paying room and board, your meal plan will be like a prepaid swipe card. Use your meal plan to the fullest and making sure you don’t end the semester with extra meals or points. If you cannot visit the dinning hall for every meal, see if your college offers any takeout options that you can pick up on the go.