How to Save Money as a College Student

Trying to save money while working through college can seem like an impossible feat. For those who have to pay their own way, it can be easy to fall into a mountain of debt. Here are a few ways you can avoid snowballing into debt and actually save some money as a student.

Get a Job

There are very few people who can go through college without a job and come out debt free. So, it’s time to accept the fact that you need to have an income. Decide whether a full-time or part-time job will work best with your course load. Make school and work your priorities instead of parties and the beach and you’ll survive just fine.

Live Modestly

If you’re attending a school far from home, try to get into the campus dorms. If the dorms aren’t an option for you, look for a reasonable place to rent. If you have a few dependable classmates also in need of a living space, look for a small house or large apartment. You don’t need much, just a place to study and keep you comfortable.

Try to Avoid Student Loans

Do your best to pay your way through college without having to take out any loans. Take the time to diligently research grants and scholarships. Find out if you qualify for financial aid and ask your advisor for a list of scholarships you may be eligible for. There are tons of different scholarships available at any point during your college career and many are easy to apply for.

Don’t Splurge on School Supplies

There’s no need to spend $10 on a binder with your school’s logo on it. Buy pens, paper, and whatever other supplies you can find from your local dollar store. If a laptop or computer is out of budget, use the electronics in your school library for free.

Buy Used Textbooks

If you’ve walked into your school’s bookstore lately you already know that textbooks cost a fortune. Find a local used textbook store or search for your books online. Ask your professors if the newest version of the text is necessary. Sometimes there are very little differences between textbook editions and the older editions are often much cheaper. And don’t forget to sell your textbooks back after the semester!

Eat at Home

Resist the urge to eat out for every meal. Shop for groceries instead and only eat out for special occasions. When you can’t help but dine out, find out what local restaurants offer student discounts.

Take Advantage of Student Discounts

Aside from restaurants, many businesses offer student discounts, especially those located in college towns. Most movie theaters, fitness centers, and sports venues offer a student discount. Some cellular service providers and insurance companies also offer special student rates.

Don’t Drive a Car

Even if you don’t have a car payment, there are plenty of other car-related expenses such as gas, insurance, registration, and parking permits. Try a cheaper and more environmental-friendly mode of transportation. If distance allows, walk or ride a bike. Take the bus or carpool with classmates if your campus is a distance away.

There are a lot of ways to save money as a college student. If you are interested in learning how we can help, feel free to stop by a branch or give us a call at 800-835-3400.