Tips for financing your college expenses

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According to the United States student loan debt has reached $1.56 trillion, with the average student debt reaching around $30,000 per student. We know how exhausting it can be to try to finance your educational journey, so we came up with a few ways to save you money this semester.

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Before you purchase any of your textbooks check your town’s local library. I’ve been able to find almost half the textbooks I needed for classes by checking them out of the library. Often times if the library doesn’t have a book in stock you can ask a librarian to order the book for the library. You could be saving yourself $150+ by making use of this trick. 

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I didn’t have a Food plan for a good portion of my college journey. What I did to save money meal prepping and shopping based on need/ available deals. You’d be surprised how often you’ll hit the vending machines and on campus lunch spots when you’re lacking a home cooked meal from mom. By meal prepping you’re eliminating reasons to eat out during the week because your food is already made. Many food markets like Acme and Shoprite offer shoppers a savings booklet so when shopping make a list of things you need then use the coupon booklets to shop items you may need based on the brands on sale.  

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Credit Cards / ATMs

Make your credit card earn money for you! The college years are the times when students are starting to build credit. Choose a credit card that offers great cash back opportunities. The Discover It credit card offers 5% cash back on purchases made at gas stations, grocery stores, and restaurants. For example, if you spend $60 on groceries using your debit card, that’s $60 that you spent. But, if you spend $60 on groceries using your credit card that’s $60 that you spent but you made $3 back on your purchase. (TIP: Be smart with credit cards and always pay back what you owe on time.)

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Room and Board

The best way to save on room and board expenses is to become an RA, resident assistant. I know! I know! It doesn’t sound like the most exciting job ever, but you’ll be saving tons of money if you take on a job like this. Many universities compensate their RAs by offering them free/ discounted room and board. Check with your school for qualifications and applications needed to apply to be an RA next semester.

Did these tips help you? Let us know in the comments!

This post is not sponsored. All opinions are our own.

shaquierra Brown

Founder & CEO

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