If you’ve got an incoming freshman to college this fall, understand that you’ll be crying. You’ll miss them, sure, but college is also one of the most expensive endeavors we engage in. Between books, dorms, computers, food and everything else, your little scholar will rack up a tidy sum.
That’s why it helps to save money in every little nook and cranny you can find. From saving money on textbooks to utilizing student programs, we’ve got a list that will help save your sanity (and wallet).
Money Saving Tips For College Students
Never pay full price for textbooks
Textbooks are one of the most expensive parts of your college experience, after classes and housing of course. Who wants to buy a math book for $400 and sell it back to the bookstore for $25? Wouldn’t you rather get them at a drastically cheaper price and in turn help other students get them cheaply?
In a move that is true to its book-selling roots, Amazon has launched a textbook arm of its juggernaut online selling company. You can find textbooks new at markedly discounted rates, but you can also find used books for up to 90% off their sticker price.
In addition to textbooks for college students, they also have books for K-12 students, college prep guides, and ACT/SAT study materials. Finally, as we’ll explain further along, students get massive discounts on signing up for Amazon Prime, which gives you free 2-day shipping on nearly anything.
Another popular place to buy and sell textbooks, eBay will often get you the best price. There’s no MSRP when you’re a student trying to recoup some of your costs, so books are often severely marked down. In addition, if you know what books you’ll need in advance, you can avoid competing on auctions with other students who waited to buy their books.
Textbooks are often enormous and heavy, so carrying around a bag full of them will destroy your posture AND your wallet. Digital copies are usually available for most books now, and are almost always cheaper. In fact, if you’re in say an English class and a lot of your textbooks are novels, you can often find digital novels for sale on the author’s website for a drastic markdown. Always looks for digital options first and save yourself a pain in the back later on.
Visit the library
The library isn’t just for sleeping between classes – who knew? Not only can you check out books, but many libraries now offer downloadable digital copies of books. In addition, most college libraries rent out more than just books, from e-readers to basic dormlife things like blenders. Libraries have evolved with the times, proving they’re still a wonderful resource for a cash-strapped college student.
Renting textbooks from the bookstore has become far more commonplace in the last 5 years or so. Renting works in a way that you pay far less than cover price for a book. If you return it in reasonable condition, you don’t owe any more money. Sure you can’t resell it, but you don’t have to shell out hundreds for a new copy and renting can even be cheaper than buying secondhand in some cases.
Craigslist, Facebook Marketplace, and LetGo are all online marketplaces that allow you to buy and sell pretty much anything. Check often to see if anyone has books you need. These are also great places to resell your books when you’re done with them.
The wait-and-see method
Lastly, you can always wait until your classes start to see if you really will need EVERY book on your list. Sometimes professors include books that just aren’t used that much in the class. Other times, they’re ones that you can find cheap or free access to online. Why spend $30 dollars on a book if you can find the same information in your library for free?
Get Free Stuff
We’re not talking about getting free ice cream on your birthday. No, there is a wealth of free (or cheap), extremely useful products and services available for college students.
Again with Amazon and for good reason – Amazon provides free 2-day shipping on everything with their Prime program. In addition, it’s pretty cheap and you can find just about everything you need on Amazon. The problem is that Prime costs about $115/year, which can be hard to swing as a college student.
The Prime Student is a free 6-month trial period for college students. After the free trial is up, you’re given Prime at a discounted rate for the 4 years of your college career. There’s not much to say other than go sign up now!
There are few programs that are as necessary for a college student or professional as Microsoft Office. Unfortunately, it’s also a very expensive program, running upwards of $250 or more depending on what version you buy. Luckily, college students have the option of getting the basic version for free.
Once Microsoft verifies your status (through a college email), you can download Office completely for free. Check it out and use it to write a thank-you to us later.
Deep discounts on hardware
If you need a new computer and let’s face it, you probably do, a lot of online retailers offer discounts to students. Newegg.com has great prices on high quality refurbished and new laptops for students. Dell.com also has “Dell University” which offers highly competitive pricing, free delivery, and loyalty rewards for college students.
Use Lynda to learn
Many instructors are using Lynda.com (which apparently has been bought out by LinkedIn) for teaching specifics on programs like Photoshop or CAD. While in most cases your fees will include Lynda, they offer a deep discount and free trial for students. It’s worth mentioning because Lynda has courses on virtually everything, so you can learn everything from coding to cooking for free.
Flex that student ID muscle
You would be surprised at the sheer amount of discounts your student ID will get you. Check with your school and see, but in most cases nearly every restaurant near a college campus will offer deals, free drinks, and discounts for students.
Open a student account
Many banks will offer some manner of free checking with incentives for college students. Even if it means setting up a new account, it’s worth it in the long run. Often if you have a job that uses direct deposit while you’re taking classes, you can find a bank running a deal where they’ll pay you to switch.
The same goes with student credit cards. Student lines of credit through your bank are great for building credit and often offer incentives for signing up.
One last thing, never pay for a checking account. If the bank you’re working with wants to charge you a monthly or yearly fee, or they have lots of little fees for withdrawals, avoid them. There are so many places that want to pay you for your business; it’s not worth your time to pay even $5 for a student checking account.
Call your insurance agent
You should get renters insurance if you have anything of value, and while you’re talking to your insurer, get signed up with their student discount plan. Nearly all major insurers – Geico, Nationwide, Farmers, etc – all offer student discount programs for good grades. In some cases it can mean a drastic discount on your rate. It’s worth checking if yours offers it, and it’s worth switching if they don’t.
Figure out your fees
College comes with lots of fees. Some of those fees, however, will benefit you and you might not even be aware. Most colleges have on-campus gyms that are included. In addition, most campuses follow a great wellness model, including things like:
– campus counseling and mental health
– nurse’s station or clinic
– career planning and job finding assistance
– tutoring assistance
– printing and copying plans
– computer lab access
Talk to your school and find out what you’re paying for and make the most of it. A gym membership alone will run you $20+ dollars a month, whereas your health fee on campus is probably $70/semester and will give you access to a far better health center than the random Planet Fitness or whatever is in your town.
Public transportation is your friend
The literal worst part of using the bus is paying – tokens suck and carrying around loose cash is annoying, too. Otherwise the bus is clean, convenient, and will take you all over your city. The biggest benefit as a student is the incredible discount for a transportation pass that is available to you.
Most large cities have a “ride as much as you want” pass for a flat rate. As a student, you can expect to pay a fraction of that rate and the pass is usually good for a whole semester. For instance in Chicago, a 30-day unlimited ride pass is $105 but Ventra passes through the various city colleges are often less than that per semester.
Get a degree in being money savvy
College is expensive, that’s a known fact. It doesn’t need to be more expensive than it is, though. Through proper application of the methods above, and simply asking around about local discounts and special offers for students, you can save literally thousands of dollars a year.
If you have a recurring subscription, check to see if they offer a discount. If you’re paying for cable, stop paying for cable and just use a streaming service on WiFi.
Every bill you pay, every subscription you have, every place you shop, check to see if there are student discounts. It might feel awkward at first but if college is nothing else, it’s awkward, so get used to it and save yourself some cash in the meantime.
Oh and for the parents reading this (because – duh!) don’t forget to use Raise.com to score some discounted gift cards for things like gas.
You know your “little ones” will be calling home and asking, might as well load up now so you don’t have to pay full price later! Plus if you sign up today, you can get an extra $10 back on your first order – $10 that can then be used to pick up some tissues for that hard goodbye.
Did you implement any of these when YOU were in college?
Comment below, let me know!