Ways to lower your college costs

Category: Education

There is so much to think about when it comes to college expenses, including transportation, living costs, textbooks, tuition, and so on. The cost can quickly add up, and for many students, it’s this expense that stands in the way of pursuing a higher education. The following tips can help to lower college costs:

Living costs

You’ll have to factor in living expenses if you’ll be living on your own. Living in a dorm might be your best bet, depending on the area and the college you’re attending. Many colleges also offer on-campus meal plans that help students to save on food costs.

On the other hand, if on-campus living is too costly or you’d just rather live off-campus, explore your options for student housing. Many nearby apartment buildings will be designated exclusively as student housing, and will offer lower rent prices for college students. Depending on the town or city, living right next to your college can cost a lot more than having a bit of a daily commute. However, you’ll need to factor in transportation costs if you’re living farther away. Living on or near school could cost more, but if it allows you to walk to class and you won’t need to buy a car, this could save more money in the end. Crunch the numbers to see what makes the most sense for you. And if you’re living off-campus, you can lower your expenses even more by living with a roommate.

In general, you can help lower living costs and daily expenses by taking advantage of student discounts when possible. Whether it’s a free service offered on campus or discounted purchases that you can take advantage of just by presenting your student ID, saving even just a little bit here and there can go a long way.


Tuition is one of the biggest college expenses to prepare for. Tuition is based on a lot of factors, such as whether the student is attending a public or private college, or if they’re going to an in-state or out-of-state school. Working on campus can potentially help to lower your tuition expenses, as many colleges will offer discounted tuition rates for employees. Receiving financial aid and/or scholarships can also substantially lower (or eliminate) your tuition expenses based on your eligibility. Taking some of your classes at a public, in-state community college can also help to keep your college tuition expenses at a minimum.

Remember that not all courses are priced the same, so keep this in mind when setting up your schedule each semester. For example, you might want to enroll in a music class to satisfy an elective credit, but it may not be the ideal option if there are extra fees. Always compare the tuition of non-required courses before making your selections.

Graduating as quickly as possible can also help you save on your tuition costs overall. Not only will graduating sooner help you to save on the other miscellaneous costs that are associated with college, but tuition expenses continue to go up. Unless you have a prepaid college tuition plan, you increase your chances of dealing with higher tuition rates if you’re attending college for many years.


On top of expensive classes, there are also costly textbooks to purchase. But you have other options besides the brand new textbooks that are for sale at your campus bookstore. Instead, look into ordering textbooks online, purchasing used textbooks, or even renting textbooks. If you have an e-reader (most smartphones these days can be used as e-readers) you may be able to rent or buy your textbooks in digital format. Depending on the specific textbook, the price can be much lower.

Do you dreams of attending college, but the cost is too high? If you’re receiving annuity payments, why not access your money sooner? By selling future payments to Peachtree, we can send you your money sooner. Contact Peachtree Financial Solutions today to learn more about receiving a lump sum of cash to help pay for college.

Nothing above is meant to provide financial, legal, or tax advice. You should meet with appropriate professionals for such services.

Tags: college, college tuition, living expenses

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