There is a huge range of scholarships available in the U.S., and although most are quite conventional in their focus, some are more eccentric, as applicants must meet very specific – and sometimes weird – requirements.
Common sense and basic math says that finishing college quickly equals a less expensive education. The longer you take to graduate, the higher semester fees and housing costs will pile up. But what’s left out of this purely dollars-and-cents equation is the potential effect of completing more internships — and thus building more experience and establishing more contacts – if you stay in college for five years rather than four; or four years rather than three.
Textbooks are expensive and can set you back hundreds of dollars. One money-saving tips we hear often these days is to consider renting textbooks instead of buying. But depending on resale value of used textbooks and whether you’ll use them for multiple semesters, renting might not necessarily be the most wise decision from a financial perspective.
Imagine you found one online retailer selling a plasma TV for $3,000, and another selling the exact same TV for $1000. No catches—a threefold difference in price. No one buys an expensive product when they’re selling the same one for a fraction of the price just a click away, right? They do if the product is a 529 college savings plan.
Named after Section 529 of the Internal Revenue Code, 529 Plans allow investors to sock away money for education expenses in a tax-advantaged way. Earnings accumulate tax free and, if used for qualified educatione expenses, withdrawals are tax-free, as well. But choosing a 529 Plan is no simple thing and many parents don’t have a full understanding of how these things work. We give you the basics in this infographic.
Although some college scholarships cover living expenses, many don’t. That leaves undergrads to foot the bill for day-to-day expenses like textbooks, food, and a little fun every once in a while — and living on a tight budget is a lot easier if you track your spending carefully. Here are several money saving and budgeting tips for college students, from college students.
Every September, enthusiastic college freshmen head to campus with hearts full of desire to learn and hopes that, four of five years later, a college degree will open many doors to bright career opportunities. Around the same time, their parents start receiving those tuition bills, and reality sets in: college is expensive.
Have you carved out a space in your budget for your student loan payment? Don’t panic. Follow the seven steps in this article, and you can secure an affordable payment on any budget. You’ll also learn how to postpone payments if you need it.
When you’re in college, budgeting is different than budgeting in the outside world. Your largest bills — tuition, room and board — could be due on an annual or semester basis. Try these calculators to help you plan and estimate your expenses.