Survivor: College Students Money
College freshmen have no clue what they’re in for when it comes to the dangers of money in college. It isn’t just managing money to worry about, but the organizations out there waiting to ring them dry of their cash and coin.
Survivor: College Students
Because of this, it’s good to be prepared when going into college with a little or a lot of money.
The temptation of food is incredible in college, for several reasons: a cafeteria, cafes and coffee houses on campus, all nighters, and parties. However, late night snacks, especially those made of junk food, can cost a student dearly. It’s better to learn how to cook, or if a stovetop isn’t readily available, how to microwave.
For some reason, a ton of people in college go to clubs, although most have an age restriction of 21 and over. They like to go on the weekends, during the week, and party it up. What many of them forget is how pricey those clubs are: an admission fee, a cover charge, pricey drinks, even water is expensive. All of that adds up and saps your bank account in no time.
Paying for college is getting pricier by the year; it’s up to $20,000 a semester. But before you think about getting some loans for the youngster, think about scholarships and grants. There are plenty of scholarships for undergraduates, almost too many. Grants, although a little tougher to find, can really help pay one’s way through college. The best resource for scholarships would be, without a doubt, Fastweb. If you do think of getting a loan, you can go through a government agency, the school, or a bank. However, private (bank) loans are a real pain and you’re better off with the first two choices. Regardless, for a loan, you need to fill out the FAFSA application to be considered for a financial aid award.
Credit and Debt
While we’re on the subject of banking, you don’t know how quickly banks push their credit cards onto the naÃƒÂ¯ve freshmen. Of course it’s a great method: buy now, pay later. Except they don’t tell you about the interest rates incurred and the poor credit score that can result from not being to pay it, along with the fact that those charges don’t go away. Many students leave college with debt, whether from student loans or from credit cards. If you find yourself or your child in this mess, it’s good to get some credit counseling to get out of debt and rid yourself of debt problems. Try contacting ConsolidatedCredit.org or another organization for help.
Ã‚Â Textbook Purchases
Schools like to trick students into thinking they need an entire list of books for their classes, when most professors don’t even use the textbooks these days. Most lecture classes are summarized versions of chapters with a lot of notes, and discussion classes literally test what’s discussed in class. A student may need a textbook or some resources for their class, but seriously, don’t pay hundreds of dollars for books that will be worth nothing by the end of the semester. Here are some ideas to help you out:
- You can rent textbooks now for a fraction of the price, as well as used, though not as cheap as renting.
- The campus bookstore isn’t your only choice of vendors; there are plenty around campus, and places online like Amazon and SlugBooks.
- Ask around and see if an old student, friend, or sibling has an old book you can use.
Yeah, being a student can be pretty pricey, but you can survive it and so can your children if they’re prepared.