Smart Borrower Center
Tools to help you borrow better
College is an exciting time of learning, partying and experiencing new things in life. But these things do come at a cost. Here are some tips on how to save money while you are in college.
Hi-tech deals
It’s great to have a computer in your room so that you can use it for whatever you want, whenever you want. But if you live on campus, your university’s computers might be just as accessible. You can end up saving yourself a lot of money by not having your own computer. If you need a computer of your own, consider buying a used and refurbished one. They come at a fraction of the cost of a new one and, provided you buy one from a reputable company, they can be quite reliable. You can also shop around for deals on Internet access. Or, if your university has wireless service, you may be able to access the Internet for free. Inquire at your campus’ technology office.
Meal plans
Going to restaurants on a regular basis is an expensive option. Shopping at grocery stores can really take a bite out of your college budget as well. Plus, it can be quite difficult to cook for one person, so some of the food you buy and the money you spend can end up going to waste. Why not see if your college offers a meal plan. Many now also offer options for healthy eaters and vegetarians in addition to their regular fare.
Student rates
You can often get a student discount for events and social activities by showing your student ID at the door. Movies, plays, concerts, clubs and theme parks usually offer student rates as well. While you certainly won’t get rich from the savings on tickets and entrance fees, purchasing student tickets can free up a few extra dollars in your college budget each month. And, for those phone calls home, check out long distance calling cards. You can prepay for a certain number of minutes, and the cards will usually end up costing less than direct dial. And if you’re home over the summer, see if your local gym offers special rates for college students – that way you’ll stay in shape and save money!
Published on January 08, 2007