Money-saving tips for college

April 26, 2012

College tuition prices are shooting higher every day, making scholarship opportunities more vital than ever before. According to the National Postsecondary Student Aid Study, nearly 70 percent of full-time students at four-year colleges received scholarships in the 2007-2008 school year. However, these financial aid awards are only the start of saving money in college. Here are three budget-friendly tips for making every dollar count before graduation.

Don't buy textbooks
Depending on your particular area of study, the cost of your college textbooks can be several hundred dollars each semester. Luckily, many schools and private organizations offer used textbooks at a fraction of the original price. Additionally, you may be able to rent your books for even cheaper.

Stick to the meal plan
While you'll no doubt get tired of eating in the school cafeteria for three meals a day, try to limit the number of times you dine out during the week. Sticking to your student meal plan is a good way to eliminate the cost of food from your recreational expenses. If there are any businesses around campus that accept meal plan credit from your school, visit them when you need a change of pace.

Budget
With the money you do have, it can be easy to lose track of purchases if you don't stay organized. Estimate how much money you need to spend in a given week and try to stick within that budget. Keep track of your expenses so your financial status never comes as a surprise.

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