5 Tips for Stretching Your College Dollars

Whether you’re working your way through school, or paying for everything with scholarship award money, you’ll want to make every dollar count. College tuition is expensive, any way you look at it, but there are tricks to getting more bang for your buck in the world of higher education. Here are ten ideas you can consider for getting the most success out of what little you have:

  1. Learn general money management skills. Instead of just spending until your money is gone, do a bit of budgeting and limit your spending in non-essential areas. Prioritizing your needs will help you appreciate the occasional splurge or treat even more than before! Be aware of student discounts on travel, entertainment, computer software/hardware, any and everything else. Don’t forget to keep your student ID handy at all times.
  2. Don’t let Wall Street take advantage of you. Make sure you are getting the best deal available on little financial things like banking fees, credit card APRs, and insurance payments.
  3. Understand tax credits. Allowable amounts may change from year to year, but make sure to research the possibility of an income tax rebate for college tuition. The IRS won’t give it to you without being prompted.
  4. Apply advance placement credits. Jump on any opportunity that you have to earn cheap or free college credits while you’re still in high school. Keep the necessary information on hand so those valuable credits can be applied toward your college degree.
  5. Take more courses at a time. The price of your college credits often decreases the more you take at a time. You can save money by taking on a heavy class load, as long as you can manage it without making sacrifices in the quality of your learning.

BONUS TIP 1: Don’t spend it all on pizza delivery.
BONUS TIP 2: Check back soon for 5 MORE tips.

Photo by Olu Eletu on Unsplash

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