Minneapolis, MN, JUNE 17, 2019 – The total amount of student loan debt, as of the end of 2018, was $1.47 trillion with more than 44 million Americans with student loan debt, according to the Federal Reserve Bank of New York
If college is in your immediate future, there isn’t much to be done about the costs of tuition, but there are other costs that are within your control that can help keep college bills down.
Room and board
Though dorm living might be the movie-perfect college experience most people envision, it might not make good financial sense. The average annual cost of dorm living can range from $8,000 to more than $10,000, which may or may not include some type of meal plan.
Explore other on- and off-campus alternatives including student cooperatives, apartments with roommates, renting out rooms in houses or living at home, if you’re close enough to campus.
Wherever you’re considering putting down roots while at college, keep in mind the incidental costs of living where you choose – utilities, food, transportation and parking (if you’re living off campus).
Speaking of transportation and parking, consider if you really do need a car while you’re on campus. Parking can be scarce and expensive and car upkeep is a cost to figure as well.
Taking public transportation to and around campus, participating in car share programs and ditching the car altogether to bike to and around campus can help save a lot of money.
Books and supplies
Textbooks are still a college necessity and one that can cost up to $2,000 per year. Once class information and requirements are posted, check with the professor right away to determine which edition of a textbook is acceptable. If you can save money by utilizing an older edition, do it!
Do a thorough search for used books, rent or share them and check out digital books as well.
Class supplies can add up as well – avoid buying new wherever possible and be sure to check on local classified sites for people selling supplies for specialty classes like art, math/science/engineering, graphic design, etc.
And, of course, you will need technology to get you through college.
“At least 33 percent of high school seniors want Apple laptops for graduation, according to our Device Pitstop research,” said Brad Swenson, vice president, Device Pitstop – an independent company based in Minnesota that repairs, upgrades, refurbishes and resells tech devices. “New MacBooks are very expensive. A great way to save money on tech for college is to purchase certified, pre-owned devices like laptops, smartphones and tablets.”
To help save even more money, Device Pitstop even offers the opportunity to trade-up – exchange an older smartphone, tablet or laptop for credit toward a newer device.
College is a worthwhile, if expensive, endeavor. Shop around, keep your options open and think outside the box to save money on expenses today so you don’t add to student debt in the future.
About Device Pitstop
Device Pitstop sells the top brands of tech devices like laptops (including Apple MacBooks) tablets, smartphones (including Apple iPhones) and more. Customers get certified, pre-owned devices at affordable prices. Device Pitstop also pays cash-on-the-spot for used devices and members of the Pit Crew offer repairs and upgrades quickly, for less.
Device Pitstop press contact: Brad Swenson, 612-812-4086, Bswenson@devicepitstop.com