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School's back in session, and with it come life-lessons in money management for students. But personal finance may not be difficult, even when you are just starting out. You have to learn the way that it works. All the following are theories I wish I'd understood before heading to faculty. My plan for the past year plus a half has been Do Not purchase textbooks". Or instead, only buy the ones I want. I wait until after the first day of class to buy text books. For some reason all the professors look to set another book or two on the syllabus as recommended" reading.



how to save money for collegeI only need about 1/2 as many publications as if I 'd bought based on what is recorded on the syllabus., by waiting till the first day of class Despite the fact that this sometimes means I can not get a used book (since they sell out faster), I Have cut my novel costs from ~$400/semester to under $200/session. When I started college, where were you? Oh, that's right, there was scarcely a web yet. Alas for the errors of the past. Fund Extras with Employment. If your coed wants to finance a social life, it should be achieved using a part-time job, rather than student loans.

Work-study positions typically offer the flexibility a student desires together with the ease of place, while off-campus positions frequently pay more. Either way, instruct your child to have a pay now" policy for nonessential purchases so that he or she doesn't actually pay for them later. The Private College 529 Plan is a national prepaid strategy covering over 270 private colleges and universities in eleven states. You purchase tuition certificates that are great for 30 years at participating schools (admission isn't guaranteed, obviously).

Stanford, and Duke, Princeton, MIT are one of the participating faculties in the Private College 529 plan. Brittany, excellent article! Nonetheless, may we suggest a #52? Consider pawning with ! Pawngo has reinvented the 3,000 year old industry of pawning. It's an excellent and simple approach to get cash fast! Our hassle-free approach poses no danger to your own credit. The top part is you don't even have to walk right into a pawn shop...everything is done online, electronically, and via UPS.

Check us out at or feel free to e-mail me at katy@ Cheers and best wishes! Spend on the Right Things. Temptation is a powerful thing, although college students shouldn't use financial aid to finance pizza night in their dorm rooms. Take the time to impress the importance of using debt prudently. Even if loans appear to be free money" now, they do come back to bite you. It's your task as a parent to define what is and isn't okay for your child to use loan cash for.

Books, tuition, home, and perhaps food plans - not new clothing, social trips, or tossing in for a celebration keg. Do some research about scholarships or grants you are eligible for. Many people do not recognize there are numerous scholarships for unique features including a scholarship especially offered to those who are left handed. You may also be qualified for quite a few grants that you WOn't have to repay.

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