75 Easy Ways to Save Money in College

Updated on May 26th, 2021

We all know that college can be expensive. That’s what makes locating appropriate scholarships so important (if you haven’t started applying for scholarships yet or want some simple tips on how to find the best scholarships to apply to, join our free webinar to get the ball rolling). But, even if you do well in landing funds that don’t require a debt repayment plan upon graduation, that doesn’t always mean all of your expenses are met (or that you want to spend all that money if you don’t need to!) It’s still important to save money in college.

Once the FAFSA has been completed, grants have been awarded, and the scholarship applications are on their way, it is important to ensure your college student is also making smart money choices to keep their expenses down. So, if you aren’t sure how to broach the subject of living frugally with your child or you want to have a series of tips to pass down, we’ve got your back.

If your student needs a degree to launch their career, scholarships can make school more affordable. If you and your student want to learn more about finding scholarships, sign up for our free college scholarship webinar! Head over to http://thescholarshipsystem.com/freewebinar to reserve your spot today.

Here are 75 easy ways you can share with your child so they can learn how to save money in college.

Note: There are some affiliate links below, but these are all products I highly recommend. I won’t put anything on this page that I haven’t verified and/or personally used.

Before College

If your student is still in high school, here are some money-saving options to take advantage of NOW!

1. Have them sign up for Advanced Placement courses to prepare for AP exams
2. Check into CLEP exams for college credit
3. Dual enroll in college courses while in high school

Tuition, Textbooks, and Reference Resources

4. Attend a community college for the first two years for lower tuition options
5. Look into international colleges and universities that may be lower cost
6. Rent textbooks instead of buying
7. When textbooks must be purchased, buy used instead of new
8. Look for prior editions of textbooks (many times, the information is the same, just rearranged)
9. Use the college library
10. Use the public library

Room and Board

11. Live at home instead of on campus
12. Select the cheapest (safe) apartment or dorm room option available or if you really want to get creative, try house hacking (buying a rental property).
13. Get a roommate
14. Monitor utility use (turn lights off when leaving a room, don’t leave the water running when brushing teeth, etc.)
15. Consider on-campus dining plans
16. Limit eating out. Try $5 Meal Plan to save money when cooking at home
17. Buy non-perishable groceries in bulk for cost savings
18. Meal prep in bulk
19. Choose drip coffee over specialty drinks
20. Use rebate apps like Ibotta to get cash back on things you normally buy (like bread, eggs, you name it.)
21. Sign up for the Walmart Savings Catcher to scan your receipts and receive cashback.
22. Clip Coupons

Transportation

23. Go carless and use public transit instead
24. Look into student transit discounts
25. Walk or bike instead
26. Carpool!
27. Consider taking the bus or train instead of flying home for breaks (ask about student discounts too)
28. Skip traditional spring break trips for a staycation or volunteer experience that includes transportations, room, and board. Still, need to find housing? Try an affordable alternative like AirBnB where people rent out their homes at a major discount compared to hotels! I use this all the time – both in the U.S. and internationally!

Entertainment and Communication

29. Have a movie night in instead of going to theaters
30. Choose Netflix or Hulu over cable
31. Attend free social events through the college
32. Get a prepaid cell phone plan
33. Stay within your cell phone plan limits to avoid overage fees
34. Use college Wi-Fi to send emails to friends and family instead of your data plan
35. Use Amazon Prime for Students (entertainment AND free shipping!)
36. Avoid buying alcoholic beverages when out (restaurant markups are HUGE)
37. Ask every restaurant, movie theater, mini-golf course, etc. if they offer student discounts
38. See if your local library or parks department offers free entertainment (think music or movies in the park, book clubs, etc.)

Gifts and Holidays

39. Make homemade gifts
40. Do a Secret Santa instead of shopping for everyone
41. Bake a cake instead of buying one
42. Potluck instead of going out
43. Ask for practical items as birthday and Christmas gifts to save money

Clothing

44. Shop gently used clothing stores
45. Hang clothes to dry instead of using a dryer
46. Make your own laundry detergent and fabric softener
47. Shop clearance
48. Buy classic, quality clothing instead of following trends
49. Do a clothing trade with friends instead of shopping

Banking and Finance

50. Find free checking account options
51. Take the free checks offered with new accounts
52. Track spending to avoid overdraft fees
53. Avoid credit cards with annual fees or other charges
54. Pay credit card balances in full
55. Pay bills on time to avoid late fees and penalty interest rates
56. Start a change jar

Electronics and Other Shopping

57. Look for student discounts when buying a computer
58. Check for discounts on software too
59. Buy a computer that meets your needs and not one with unnecessary bells and whistles
60. Stick with a basic printer over flashy models, especially if you are only printing documents
61. Get antivirus software to protect your computer and smartphone
62. Don’t upgrade your cell phone if your current one still works, even if you are eligible for an upgrade
63. For states with sales tax, check for any tax-free shopping weeks
64. Comparison shop whenever possible, especially through online retailers with free shipping and local stores
65. Live near a residential area? Check out yard sales
66. Go to swap meets
67. Try Freecycle and the free section of Craigslist

Health, Fitness, and Grooming

68. See if there is a local free clinic available for basic medical needs
69. Use on-campus exercise facilities, if available
70. Choose low-cost workout options, like running in the local area, over joining a pricey gym
71. If you have to join a gym, ask about student discounts
72. Choose hairstyles that grow out well to avoid excessive upkeep
73. Check into local beauty schools for discounted haircuts and other services or try Groupon for discounted services
74. Skip nail salons for at-home manicures (invite friends over, and it can be entertainment too!)
75. Look into low-cost shave clubs for cheaper razors

As you can see, there are a lot of ways your college student can save money in college while they obtain their degree. In fact, there are likely many more that didn’t end up on the list!

Do you have a money-saving tip that can help a struggling student make ends meet? Please add it in the comments below!

If your student needs a degree to launch their career, scholarships can make school more affordable. If you and your student want to learn more about finding scholarships, sign up for our free college scholarship webinar! Head over to http://thescholarshipsystem.com/freewebinar to reserve your spot today.