3 Big Ways to Save While in College

3 Big Ways to Save While in College
Beth Dumbauld

Yes, StraighterLine helps students save a significant amount of money on tuition with low cost college courses, but we’re not the only way you can save money while enrolled in school. Check out these three big ways that you can also save while in college so you can have money available for your other goals in life, like investing in family or personal needs, buying a house, or even running your own business.

There’s never a better time to try these money-saving strategies than now:

Always apply for scholarships.

Never, ever stop applying while you're in school. Scholarships vary, so you might need to renew every semester or year. Keep searching for scholarships – there are scholarships for (nearly) everything and, of course, your GPA and career interests. Mark Kantrowitz’s knows “students who win scholarships are more likely to enroll in college.” His resource at finaid.org can assist in finding and winning scholarships.

Negotiate your financial aid situation.

Your financial aid officer is your best resource for information on everything from completing your FAFSA to the best time to apply for grants and loans. The business office (bursar) can help you negotiate a payment plan that may help avoid unnecessary costs and navigate important deadlines. Jocelyn Paonita at The Scholarship System believes that “in order to compete, many (schools) are willing to make concessions when it comes to college tuition costs.” She has several good tips to help you get started.

Understand your school’s policies about drop/add and withdrawal from classes.

Dropping a class can pile serious costs onto your education. Most colleges and universities have serious deadlines for withdrawal from classes, after which you can receive a full refund, partial refund or no refund. It literally pays to know the time table. Vicki Nelson at College Parent Central reminds students that, “just stopping attending a class is not withdrawing.Not paying attention to details may cost you.

BONUS TIP:

Transfer Credit – Any kind of transfer credit is worth time, effort and of course, money. High school students can AP, dual enrollment, CLEP, or IB credit before entering college. StraigherLine has your financial back as well, offering low-tuition courses that are transferrable to a growing number of schools. Do your research and let us help you make the most of your student purchasing power.

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