College can be fun, especially if you've got money to...
Royal College of Art It is ranked number one in...
College can be fun, especially if you've got money to burn. But you have to be wise about how you...
From Our Blog
College can be fun, especially if you’ve got money to burn. But you have to be wise about how you spend money in college if you want to survive and graduate with less debt than when you went in.
To help with this, we’ve put together a simple guide on how to minimize college debt and enjoy your college experience while keeping your expenses to a minimum.
College Debt and How to Avoid it
College debt is a problem that keeps getting more significant in the US. The problem is being fueled by not just rising tuition fees, but also student loans. Students sometimes sign up for loans without knowing what they are getting into.
If you want to avoid college debt, the first thing you need is to avoid student loans. They may seem like a solution when you can’t afford the fees of your preferred school, but it’s a solution that comes with a heavy price that many college graduates are still struggling to pay years after graduating.
Whether you opt for a subsidized or unsubsidized student loan, it’s still going to cost you, especially if you don’t end up in a high-paying job within a year of graduation. So, how do you avoid the student loan trap?
You could work before applying to college, save up so that you can pay for your tuition fully or partly out of pocket. If this isn’t feasible for you, then consider attending a state or public institution. This might not tally with your dream of going to Harvard or some other top-tier university, but it’ll save you the burden of shouldering a considerable student loan debt for the rest of your life.
Also, don’t be shy about applying for as many scholarships as you can, especially if you’ve got the grades or other specified requirements.
Flee from Credit Cards
Credit cards are another college debt trap you need to avoid at all costs. It might seem like you are being offered a great deal with low-interest rates and an opportunity to build your credit, but don’t fall for it.
Credit card debt accrues interest, which means it’s going to keep multiplying until you settle it. Since you won’t be able to start settling this debt until you graduate and are employed, won’t it be better to save credit card problems for later in life when you are more financially stable?
Prioritize, Plan and Prepare
The number one strategy for avoiding debt in college and surviving is avoiding spending money you don’t have. Accomplishing this can be achieved in three simple steps – prioritizing, planning and preparing.
This simple but vital step involves making a list that identifies and ranks what is necessary and what isn’t. Necessary expenses get to be at the top of the list, while the partially unnecessary get to be at the bottom of the list. The completely unnecessary have no place on the list unless you have some extra cash for it.
For example, buying a PlayStation while in college sounds like fun, but it isn’t essential. Food, books, and utilities are high priorities.
Now that you have your priorities straight, the next step is identifying and planning how to pay for them. With your prioritized list, you can stagger your purchases by buying the most essential items first and saving the rest for when you can afford them.
Planning also involves knowing where you can buy stuff at the best prices. For example, by knowing GA natural gas rates and the gas companies in Georgia that offer the best prices, you can register with the natural gas provider whose services save you the most money.
Prepare yourself to stick to your financial plan by avoiding unnecessary spending. We aren’t saying you shouldn’t have fun in college, but splurge selectively and only when you have the extra cash for it. Splitting bills with friends or roommates will also help take some of the load off.
Most important, don’t be shy about negotiating for a better price on any service or asking about discounts. You’ll be surprised how many businesses are willing to drop prices.
Frugal Hacks and Tips
Here are some other tips to help you save money and survive college with your financial sanity:
- Avoid eating out. Going to Starbucks or a restaurant might be tempting but preparing your meals is way cheaper, especially if you buy stuff to cook in bulk.
- Forget about subscribing for cable unless you’ve got the extra cash. Even then, saving that extra cash for a rainy day may be a smarter option.
- Take advantage of student discounts whenever and wherever you can.
- Buy second-hand. Second-hand books, furniture, and other essentials cost less, leaving you with more money to spend on other stuff.
- Have a high interest yielding savings account.
- Be smart when it comes to utilities. Get the best deal on necessities by discovering which gas companies in Georgia offer the best natural gas rates. The same thing applies to electricity and water bills. If you have a roommate, be sure to split the bills.
- Get a source of income. You can save as much as you want, but it’s eventually going to run out. But with a reliable source of income, you have more to spend and can afford to be less frugal.
That’s everything you need to know about surviving college on a budget!
Royal College of Art
It is ranked number one in the arts and design rank list this year. The college is located in the south Kensington and Battersea area of London. The college offers about 29 postgraduate programs that are mainly art and design disciplines, also separated by schools of architecture — communication, arts, and humanities.
Parsons the New School for Design
The college is located in the Greenwich Village of New York, and it is an area known for its fantastic art scene and bohemian atmosphere, it is one of the five colleges of the new school, the university is known for its alumni and also having educated many prominent fashion designers, illustrators, and artists.
Rhode Island School of Design (RISD)
The next university on our list is the Rhode Island School of Design which is located in the state capital. It is up to rank third in arts and design this year, and the university offers a wide variety of art and design programs in fields such as architecture, films. Ceramics animations, videos, illustrations, painting and more.
Massachusetts Institute of Technology (MIT)
It is ranked fourth for arts and designs this year, the university considers the arts as an important aspect of the core curriculum and even the research community, with about 50 percent of the MIT UG students entering into arts program every year.
Politecnico di Milano
It is the biggest technical university in Italy and is ranked fifth in the ranking list. The tuition fees in the university for laurea magistrate programs range €883-3,886 per year for the EU students, with non-EU students paying about €3,886 per year.
University of the Arts London
The university is ranked as the sixth in the rank list this year. They have a famous member of alumni that include Howard Hodgkin, Stella McCartney, Quentin Blake, and Lucian Freud.
It is ranked seventh in the rank list, and it is a private institution that is located in Brooklyn, New York. The art and design programs that are offered by the college has an integrated curriculum that combines the studio thinking with the learning theories and even research on the field.
School of the Art Institute of Chicago (SAIC)
This university is the largest independent schools of art and design with around 3650 students. The tuitions fees in the college per year are $46,560 per year, with the university estimating the student’s total expense to be about $60,700 per year.
Finland’s very own Aalto university that is located in the capital city Helsinki which is four places ranked up to the ninth in the art school ranking in the current year. The university was found in the year 2010 from the merger of three top institution which includes the University of Art and Design Helsinki.
It is ranked 10th for art and design; the university has one of the highest scores for the employee reputation among the other top art schools. The programs in the college cost around $48,987 per year and the university estimate that an average UG student will need at least $69,109 for their total expense, including their tuition fees, books, and even other expenses.
The first and foremost step needed to be implemented setting practical and smart goals. Integrating smart objectives will bring about positive impacts during studying, and life as a whole. Objectives will help guide you and motivate you to study through difficult topics as well.
Maintain punctual organization
It is imperative you integrate necessary discipline accompanied by planning or organization to get yourself periodically organized. Tend to maintain a reminder by either writing down things to do at specific times for maximum efficiency. Failure of regular habits such as planning and organization can cause pressure, strain, confusion, and output of below average results.
Take a break
When studying for prolonged hours, it is imperative you integrate sufficient breaks during your hectic studying schedule for adequate mental relaxation and to infuse better mental information retention. Breaks should be anywhere from 5 to 15 minutes.
Designated study area
Tend to have a designated space or area meant solely for studying. Avoid lying down and studying as it can integrate sleepiness, lack of focus and laziness. Bear in mind, that such a specific area should be distraction free and silent.
Collaborate with others
If you often feel that studying by yourself is lonely, have a lot of doubts and is not suitable for you, tend to study along with other students whose presence you enjoy, helps you clear doubts and guide you positively.
Regardless of what you study, whether being a hard or easy topic, it is crucial you maintain a positive mindset to help you get through it. Moreover, distance yourself from negative elements and individuals when studying.
Eat healthily and drink adequately
For maximum focus and motivation, avoid studying on an empty stomach. Concentration and mental retention capacities are heightened when you satisfy hunger grumbles, accompanied by sufficient hydration. When studying, avoid eating junk food and binge on healthy snacks.
An effective method of testing what you have learned is by examining yourself through exam papers or answering frequently asked questions on essential topics. Do not drag yourself down if you fail a few initial tests, as it is a part of the learning process.
Avoid skipping specific chapters or books of the same subject, as you enhance your chance of missing out on main beneficial points. For a better understanding, tend to note down the main headings and its important sub-points.
After you’ve completed an entire revision of the study material, do not stop there. Instead, review the main areas along with areas you are weak in, a couple of times to ensure thorough understanding and retention, favoring your odds for acing the exam.