Tips for Parents
Money-Saving Ideas for College Students
Chances are that money is on your mind during these uncertain economic times. It's likely on your student's mind, too. Here are some ways to suggest that he weather the financial storm:
Update That Resume. Have an updated resume ready to apply for any scholarship at any time. Too many students lose out on free money by being unprepared!
Say No to Credit Come-ons. Don't sign up for "free" credit card offers — many credit companies prey on college students, leading to deep debt that can take a long time to undo.
Maximize Meal Money. Maximize your campus dining plan rather than opting for costly takeout. Learn about initiatives in place to meet scheduling needs without shelling out additional money.
Do Free Stuff! Check out free and low-cost programs on campus sponsored by the student activities office, academic departments and many others. There's a wealth of great affordable stuff right here!
Track Texts & Calls. Watch your cell and text minutes. Determine if you're on the smartest plan.
Print Twice. Use both sides of paper when printing, whenever possible, to conserve money — and resources!
Save Some Ink. Print on the fast draft or black & white setting so you're not using up ink so quickly.
Be Closet Conscious. Take good care of clothes so they don't have to be replaced as often. Don't scald them in the dryer. Hang up delicate items to air dry. And try to steer clear of dry clean-only items when possible — caring for them can get expensive!
Scholarship Search. Keep an eye out for scholarship postings through the school newspaper, the financial aid and scholarship offices, and other campus communication sources. There's a lot of money to be found!
Cut Restaurant Bills. Don't order drinks and dessert when you go out to eat. It'll likely cut costs almost in half.
Being smart about money choices is an important habit for students to get into now. Help them look for options and determine wants vs. needs as they head down the road to a positive financial future.
Prepared for our institution by PaperClip Communications, www.paper-clip.com.
Copyright 2006, 125 Paterson Ave., Little Falls, NJ 07424