Financial Aid

9 Money-Saving Tips for College Students This Summer

Posted by Greg Lindberg on Jun 14, 2017 1:45:52 PM

“Cha-ching” is one of the most familiar sounds we hear every day. That’s because we all have so many expenses in our lives, and saving money can be quite a challenge at times. This is especially true for financially-strapped college students who are doing their best to tread water while working toward a degree.

So, let’s take a look at what college students can do this summer – and year-round – to hang on to every last penny.

1. Rent your textbooks.

Taking summer classes to lighten the load in the fall? Instead of purchasing textbooks that you’ll only be using for a few months per course, rent them. Many on-campus and off-campus bookstores rent textbooks for certain courses, along with several online textbook rental sites.

It’s also worth trying to sell or trade in any recently used textbooks you no longer need.

Check out this textbook rental guide for more information.

2. Spend your money wisely on food.

Having dinner out every night might be tasty, but it’s expensive. So, budget yourself this summer and as much as possible on an ongoing basis when it comes to food. Find deals, coupons, and other discounts for restaurants. Only buy groceries you’ll actually consume.

If you get a college meal plan on campus, try getting one of the most affordable ones. Meal plans can take a massive bite out of any budget.

3. Find roommates if you live off campus.

Students who live on campus are typically paired up with roommates in on-campus residence halls. But if you reside off campus in an apartment or house, consider finding roommates who can help you significantly reduce your rent.

The summer is the perfect time of year to find roommates with whom you can live during the fall and spring semesters.

4. Find fun things to do at places that offer student discounts.

That cruise to Cancun or road trip to Panama City could be out of your budget. But if you find cool things to do around town or even within a few hours of where you live, you might be pleasantly surprised to find attractions that offer student discounts. Students can often receive up to 50% off at certain locations, so always remember to have your student ID handy.

Plus, many college and university campuses offer free or inexpensive events right on campus, such as movie nights, concerts, festivals, speakers, and workshops. Don’t forget to take advantage of those activities as well.

5. Dig through your stuff to find items to sell.

If you’re a younger college student, you might not be in possession of too many belongings. However, if there are clothes, electronics, textbooks, or other items piling up in the corner that you just don’t use, consider selling them.

Try using Craigslist, Poshmark, thrift stores, and other outlets to make a little extra money that you can put away for savings.

6. Only buy the course supplies you actually need.

If you’re taking summer classes, only plunk down money on specific course supplies and materials you’ll actually be using. Professors typically include the required supplies for a course within the syllabus, which you should be able to get your hands on before the course begins.

7. Open a savings account.

With a little more time over the summer, head on down to your local bank of choice and open a savings account for yourself. This should be a separate account from any checking accounts you already have. It’s never to early – or late – to start saving, and setting aside some money no matter what age you are can only help you enjoy a more stable financial future.

Credit unions are often a good financial institution for college students to start with.

Read More

Topics: money saving tips, financial aid

7 Ways To Maximize Your Military Education Benefits

Posted by Saint Leo University Online on Oct 6, 2016 8:00:00 AM

Here are a few points to keep in mind to help you get the most from your hard-earned education benefits.

When Yvonne Millan joined the U.S. Army in 2000, she had three goals in mind.

First, to serve her country. Second, to earn a college education. And third, to prepare for the civilian career she would pursue after she completed her military service.

Read More

Topics: Military

4 Reasons Adult Students Should File The FAFSA

Posted by Saint Leo University Online on Sep 12, 2016 8:00:00 AM

Think the FAFSA is just for traditional students? If you’re an adult in an online degree program, here are four reasons why you should apply.

By Amanda Black,
Associate Director of Communication and Financial Literacy

Are you an adult taking online courses to earn a college degree? 

Then be sure to file the FAFSA. It’s the first and most important step toward obtaining financial assistance to help pay for school.

Read More

Topics: Paying for College

Paying For College: 25+ Apps For Managing Money

Posted by Saint Leo University Online on Aug 29, 2016 8:00:00 AM

A critical step in paying for college is managing your finances responsibly.

As an adult student, stretching your paycheck to cover monthly household bills and tuition while saving for the future is challenging.

Read More

Topics: Paying for College

4 Reasons You're Not Applying For Scholarships

Posted by Saint Leo University Online on Jul 11, 2016 8:00:00 AM

Forget the excuses. An updated version of Saint Leo’s scholarship guide for adult learners is now available and can help you get started.

If you’re an adult learner earning your college degree online, you’ve probably convinced yourself that you have some really sound reasons why you’re not seeking scholarships to help pay for your education.

And not one of them has to do with a rich uncle who left you a huge inheritance.

Read More

Topics: Paying for College

5 Private Scholarships For Military Veterans

Posted by Saint Leo University Online on Jan 21, 2016 8:00:00 AM

Spring deadlines are approaching for several veteran scholarships from private foundations and organizations.

If you’re a veteran looking to finance a college degree, the first thing you should do is apply for benefits through the U.S. Department of Veterans Affairs' GI Bill and Post-9/11 GI Bill®, which is the leading financial aid option if you have been honorably discharged within the past 10 years.

Read More

Topics: Military

The FAFSA Is Changing -- Here's What You Need To Know

Posted by Saint Leo University Online on Nov 19, 2015 8:00:00 AM

Significant changes to the Free Application for Federal Student Aid will affect millions of students. But there’s no reason to panic. Here’s what to expect.

By Amanda Black,
Associate Director of Communication and Financial Literacy

Let’s be honest. Few acronyms can strike more dread in the heart of a college student than FAFSA. 

And now you’ve heard that major changes are coming down the pike.

Terrific.

Actually, the changes are not as onerous as you might think and will benefit students.

Even better, filing for the 2015-2016 academic year remains the same; the changes don’t take effect until the following year.

Read More

Topics: Paying for College

Beware Of Student Loan Repayment And Consolidation Scams!

Posted by Saint Leo University Online on Jul 27, 2015 8:00:00 AM

Loan consolidation companies exist that prey on student borrowers looking to lower their payments. Don’t pay for services your lender or loan servicer provides for free.

By Amanda Black
Associate Director of Communication and Financial Literacy

What could be worse than paying back a huge federal student loan?

How about getting tricked into paying hundreds or thousands of dollars’ worth of so-called processing fees on top of your debt?

Read More

Topics: Saving Money

Center For Online Learning Offers New Scholarships For Working Adults

Posted by Saint Leo University Online on Jun 22, 2015 8:00:00 AM

Two new scholarships designed for adults working in public safety professions and as health care practitioners who want to earn a college degree online are now available.

In honor of working adults who serve their communities while achieving their educational goals, Saint Leo University’s Center for Online Learning has established two new scholarships: the Public Safety Scholarship and the Caring Professions Scholarship.

Read More

Topics: Paying for College

Save Student Financial Aid

Posted by Saint Leo University Online on May 26, 2015 8:00:00 AM

Saint Leo’s financial literacy expert explains what’s happening with the federal budget and why college students need to be concerned.

By Amanda Black,
Associate Director of Communication and Financial Literacy

Could you use another grant or scholarship?

How about an affordable federal loan to help cover educational expenses?

Even though most college students would answer these questions with a loud yes, Congress is actually trying to reduce financial aid – not increase it.

Read More

Topics: Paying for College

Subscribe to Email Updates