Hello, and welcome back to our blog here at True Solutions. We are a team of financial experts specializing in helping students make their student loans more affordable or eliminating them entirely! You can learn more about how we do this by visiting our site. In our last blog, we talked about several different ways you can save money during college, hopefully making it a little easier to pay off student loan debt after you’ve graduated. Read on to learn several more helpful tips and give us a call if you have any questions.
Avoid Off-Campus Housing
Although living in a dorm isn’t always the most comfortable and doesn’t afford you a whole lot of room, it’s oftentimes much more affordable than living off-campus in an unfurnished apartment or a home. Even once you need to move out of the dorms, you may have the opportunity to live in a fully-furnished apartment near or on campus for several years after meaning you won’t have to spend money on furniture for a while.
You may find that there are a lot of benefits to working on campus as opposed to off campus. Some on-campus jobs offer good benefits or reduced tuition. You also have the opportunity to work with other students and create job connections, especially if you’re working for the department that you’re majoring in. You also won’t have to drive anywhere which could cut down on gas costs significantly.
Hold Off On Large Investments
Attending a college in the first place is a major life investment. It’s like buying a home or a new car. So, why would you make any other major investments while you’re in college? Four years may seem like a long time, but before you know it, you’ll be out on your own, probably wishing you hadn’t spent so much money during your college years. This could include things like a car, a fancy new bike, or a computer.
Invest In A Coffee Maker
Aside from alcohol, what’s the one drink college students spend the most on? Coffee! Many students like to enjoy speciality drinks like lattes, frappuccinos, and macchiatos, but these drinks come at an extra cost. I know we said no major investments, but coffee makers are pretty cheap nowadays. Normal coffee is much more affordable but give you the same kick that you’re looking for.
Whether you’re still in college or you’ve been out for some time, there’s never a bad time to learn how you can reduce student debt and make your monthly payment more manageable for you. In some cases, people are even able to completely eliminate their student debt! That’s right, student loan forgiveness is not a myth, and it could save you a lot of money. Have any questions? Give us a call for a free consultation or visit our site to learn more about how the process works.