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).
Ah, the college life. Fond, fond memories of those two a.m. prank runs, the late night bull sessions, the sort of crazy antics that come anytime you put six teenage guys in a small space with no direct supervision.
One way or another, college housing dynamics make or break a college experience. It probably goes without saying, but you will spend more time with your roommates than your profs and more time around your living space than in any classroom. Getting this right matters quite a bit to the college experience. You will have a lot more considerations to the situation than purely financial ones. Roommate selection, amenities, décor, proximities and so forth impact everything you do in college. Continue reading Housing→
Every fall students all over the country will flock to their respective colleges, enroll in courses, pick up their syllabi, walk over the bookstore and freak out at the prices of the required textbooks. No kids, those aren’t typos. Your physics textbook really does run $350 and yes, you are paying more than when you started just four years ago.
This week’s chart, brought to us by the American Enterprise Institute, shows the rapid rise in textbook costs relative to inflation and, super bonus, to books in general. Textbook costs have risen substantially faster than general inflation, home prices, and medical care. And this in a world where Amazon regularly slashes the prices of popular titles… traditional publishing books have actually decreased in price over the years.
As the AEI full article points out, with average textbook prices for some disciplines in the range of $250 and with several books required each semester, this can add thousands and thousands of dollars to the cost of one’s college tally. Nobody will deny that students are getting ripped off, but what to do about it? How do we work these costs into our plans? Can these costs be combatted? We have given you some great tips, which you can find by clicking “books” in the categories column to your right.
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)→
How to address the ever rising costs of textbooks? Getting your textbook purchases wrong can severely punish your bottom line, but how do we get it right in this era of multi-digit prices? Today let’s look at three of the more typical sources of textbook procurement. In the next two posts we will then explore some more creative ways to get it done.
On Campus Bookstore
So you got your syllabus. On it are a list of books your professor wants you to read. The tempting thing to do would be to stroll over to your campus bookstore where you can be assured said textbooks can be found. However, while convenient, I would highly encourage you to not simply grab your book lists and stroll over to the campus bookstore to pay whatever the price tag says.
In fact, if at all possible, I’d recommend avoiding the campus bookstore altogether. Treat it not as your first resort but your last. There, with rare exception, you will find the best chances for finding the books you need but at the highest prices going. Fortunately, this is a feat more and more possible as other avenues become available through the Internet. Let’s explore a few of these options available to you before you put even more money into your college’s coffers. Continue reading Addressing Textbook Pain (1 of 3)→
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→