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College Expenses: Seven Ways to Save on an Education
Many people graduate from college owing thousands of dollars in student loans. It isn't uncommon for students to graduate owing $30,000 to $40,000. For people that get married shortly after graduation that means starting out with around $80,000 in debt. Thats a lot of debt for a young couple just looking to buy a house and possibly replace their aging vehicles. While you may not be able avoid taking out a loan for college, here are six tips to help minimize the cost of your college education. Choose an affordable school. Quality of education is not directly related to the cost of education. Usually you have several options cover various price ranges. State schools are partially funded by the government, so they are often less expensive.Consider changing your residency. Most state schools offer greatly reduced rates for residents. Depending on what is required to establish residency, it might be work moving before starting college in order to get the less expensive tuition.Take a summer job. Getting a summer job that can give you lots of work hours can significantly reduce the amount you need to take out in student loans. You have to save the money you earn in order to have it available for school expenses. If you can find a job that is related to your area of study, it will not only help you financially, but help make you a better student as well. Ideally find a job where they can use your help when you are on spring and Christmas break.Look for scholarships. Many scholarship programs have been cut back in recent years, but there is still money available. Check with your financial aid department. Also check with your professors. They often know of scholarships that are handled on a departmental level instead of through financial aid.Try to get a job tutoring. Work study usually isn't at a very high pay rate, but getting paid to teach your favorite subject will often make you a better student while giving you some extra money for expenses.Consider the total cost. Don't just look at the cost of tuition when evaluating a school. Keep in mind other factors. If a nearby school would enable you to live at home, it might be much less expensive than a distant school with cheaper tuition. If you wouldn't need a vehicle at one school, it might be much less expensive than on that would require your own transportation.Consolidate college debt. Once you've graduated look for programs that will let you consolidate any debt that you have at a low interest rate. This will allow you to put more money toward the principle and pay it off quickly.For more information and strategies for staying out of debt, visit the Debt Reduction Blog.
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04/26/2024
Insurance - NerdWallet
Looking for the cheapest car insurance? Want to find the best home insurance policy? Wondering what type of life insurance you need? We’re here to help. Compare companies, read reviews and see our best picks — all on NerdWallet.
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Dreaming of a vacation? We've got the tools and tips to help you compare and find the smartest travel credit cards and loyalty programs. Future you will thank you.
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The Robinhood Gold Card won't have an annual fee, but to get the card you must be a Robinhood Gold member, which costs $5 a month as of this writing.
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3 Ways AI Could Transform Your Insurance Policy - NerdWallet
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Financial News - NerdWallet
NerdWallet reporters bring you the latest in financial news, with a focus on what it means for your wallet.
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03/26/2024
Lottery Pool? Take These Precautions Before Diving In - NerdWallet
A lottery pool can be a thrilling way to socialize with coworkers. But if luck strikes, the stakes can be a lot higher. Here's how to avoid legal tangles.
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03/26/2024
Latest FAFSA Error Affects Aid for 200K, Offers for Everyone Else - NerdWallet
The Education Department miscalculated the financial need of roughly 200,000 dependent students who submitted FAFSAs before March 21 — nearly 15% of processed forms. Those students could get less aid than they expect, and everyone else might face further delays.
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03/26/2024
What’s at Stake as the Supreme Court Hears an Abortion Pill Case? - NerdWallet
The U.S. Supreme Court is hearing oral arguments in FDA v. Alliance for Hippocratic Medicine, a case that could limit access to mifepristone.
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03/26/2024
Best Balance Transfer Credit Cards of March 2024 - NerdWallet
Save money while getting out of debt by doing a balance transfer: Moving debt to a card with a 0% introductory interest rate and low fees.
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Best 0% APR and Low Interest Credit Cards of March 2024 - NerdWallet
Using a credit card with an introductory 0% APR period can save you big money when financing a major purchase. See all of our expert recommendations.
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03/26/2024
Best Cash Back Credit Cards of March 2024 - NerdWallet
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03/26/2024
New Breeze Airways Credit Card Takes Flight With Up to 10X Back - NerdWallet
Airline also launches Breezy Rewards, the airline’s loyalty program, which supercharges rewards earned with the credit card.
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03/25/2024
Buying Life Insurance if You're Transgender - NerdWallet
Your gender identity doesn’t impact your eligibility for life insurance, but there are a few things to be aware of when you apply. Learn more now.
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03/25/2024
Egg and Chocolate Prices Are Hopping — Just in Time for Easter - NerdWallet
Bad weather and disease are straining the supply of cocoa. Meanwhile, another outbreak of bird flu is pushing up egg prices again.
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03/24/2024
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03/24/2024
Mega Millions, Powerball Jackpots Near Combined $2 Billion - NerdWallet
The Mega Millions jackpot is now $1.1 billion, while Powerball has grown to $865 million. Mega Millions will be drawn on Tuesday night; Powerball on Wednesday.
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03/23/2024
Government Shutdown Threat Finally Put to Rest — For Now - NerdWallet
Congress missed its midnight deadline, but shortly thereafter approved the final set of appropriations in a $1.2 trillion spending package. The last-minute deal prevents a government shutdown that would have furloughed government workers.
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03/22/2024
Alaska Access: The New Subscription Service from Alaska Airlines - NerdWallet
Like its existing Flight Pass subscription, Alaska Access could be a good deal for frequent Alaska flyers looking to get the best deals with the airline.
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03/20/2024
American Airlines To Add Streaming and Free Wi-Fi - NerdWallet
American Airlines says it will be the first airline to offer video streaming capabilities on its entire mainline fleet. It is also offering free Wi-Fi with ads.
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03/20/2024
Fed Chair Powell: Rate Cut Risks Are ‘Two-Sided’ - NerdWallet
For the fifth time in a row, the Federal Reserve paused the federal funds rate at 5.25%-5.50% as Americans continue to wait for lower rates to cut costs on mortgages, credit cards and other loans.
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03/20/2024
Tailpipe Emission Rules Give Automakers More Time to Ramp Up EVs - NerdWallet
New stricter rules for vehicle emissions are expected to roll out more slowly than initially proposed last year, which gives automakers more time to beef up electric vehicle stock.
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03/20/2024
Powerball Hits $750M as Mega Million Jackpot Nears $1B - NerdWallet
The estimated Mega Millions jackpot is $977 million, while Powerball has grown to $750 million. Drawings are Friday and Saturday respectively.
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03/18/2024
How Is the Economy Doing? - NerdWallet
The state of the economy is generally strong and inflation is slowing down, but still remains elevated. The Federal Reserve is looking at key economic indicators to signal it’s time to cut rates.
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