According to Mrs. Cruze, specifically to get through college debt-free a student needs to:
Choose a College You can Afford
Seek out all Opportunities for Financial Aid
Work Your Way Through School
Ask Your Parents for Help
I take no issues with articles like these in that they provide a little bit of food for thought to those who haven’t explored even the most basic options to save and earn money for school. I would highly encourage any student to seek out these opportunities in addition to dozens and dozens more that would shave one’s out-of-pocket costs down to reasonable levels. I’m hoping this upstart blog and upcoming book can shed more specific light on some of these over the next few months.
I also wholeheartedly agree with the article’s #1 being #1. Your first step toward an affordable education should be to stay within your means. That much seems obvious. But it brings up a question: Just what does “can afford” mean?
The UNC Cheating Scandal and Why It Matters To You
Recently an academic cheating scandal rocked the world of college athletics. Over the last eighteen years more than three thousand students at the University of North Carolina (UNC) “took” classes that did not exist. In many cases this boosted GPAs to ensure athlete eligibility and the graduation of otherwise unqualified students. The NCAA as a whole faces increased scrutiny in light of the findings and without doubt the university’s football and basketball teams face some stiff penalties.
What surprises many interested observers of the unfolding events is the collective yawn coming from those outside the world of sports regarding this academic fraud. Half of the students involved had no affiliation with sports but few seem to care that numerous non-athletes cheated. This apathy is why this scandal matters to you.
I save the least important subject of the site for last. You will always have a food budget, and eating right costs good money. In terms of its toll on health and wellness, cheap food is rarely worth the price. That said, you can eat well and save money as a student if you forego the more common options presented to you. Let’s dive into some of the food options and plans distinct to the college experience. Continue reading Chowing Down on the Cheap→
Chart: The Most Expensive College Dorms in Each State
Elsewhere we’ve detailed the full-cost breakdown students face when going to college. The big lesson was to not ignore the fact that we must also consider the financial impact of room, board, books, and transportation when making plans. After I presented that chart I was tempted to provide you with a series of tips on how to save money on such things. But I realized to do so at this point in this blog’s lifespan would send the wrong message.
This chart unwittingly proves this point. Here we have an infographic and state-by-state breakdown compiled by ecollegefinder.org of the most expensive dorms in each state (note, however, this chart and figures refer to room and food, meaning the combined cost of dorms and meal plans).
Note: This is the third installment of a 3-part series of tips on how to mitigate the ever-rising costs of college textbooks. See also posts 1 and 2 on this topic.
Let’s address three strategies for your textbook woes that don’t actually require you to buy any textbooks to get the job done. These may not come into play as often, but if they do you’ll be glad you tried. Continue reading Addressing Textbook Pain (3 of 3)→
(Click on either chart above to go to its source article)
These charts come to us courtesy of articles by Danielle Douglas-Gabriel of the Washington Post and Melissa Korn of the Wall Street Journal. Both provide us some detail on the costs associated with taking more courses than necessary for the completion of a degree. We get two today because this has been a public policy hot topic of late with states looking to trim their higher education budgets. After all, it costs money to offer classes, and when a student at a state school continues to rack up credit hours beyond graduation requirements it affects the bottom line of both. Continue reading Chart: The Costs of Excess Credits→
Lastly, colleges often offer free or highly discounted classes via the academic audit*. In an audit arrangement students must get permission from the registrar to sit in on a class. The student can then attend the class and have access to all the related materials but will not take part in testing nor receive a formal grade. Continue reading Audits→
In a previous post I encouraged summer school attendance as a key way to save both time and money in college. But any time the topic of summer school comes up so do objections such as, “But I need to work in the summer,” and, “But by the time summer comes I’m ready for a break.” However, both these concerns can be addressed if students can think about attendance in an even more contrarian fashion. Continue reading Go Against the Flow→
In line with the thinking that less time in school benefits the pocketbook, students should also keep their eyes peeled for opportunities to earn their credit hours in a compressed fashion. Schools offer the ability to do so in a couple of ways. Continue reading Compressed Courses→