How to Save Money in College

Going to college adds up.

On average, students spend $38,270 per year to earn their degrees.

But exploring ways to save money in college can make a major difference in easing the financial stress that leads 59 percent of students to consider dropping out.

Here’s what you can do to keep a few more bucks in your wallet.

Buy used books

Look for pre-owned textbooks, which can be cheaper than brand new ones. You can also rent a copy for the semester or purchase a digital version.

You can find used books and these other options at your campus bookstore or through online retailers.
Be smart with your meals

Most colleges require students who live on campus to purchase a meal plan. Eat at the dining hall each day and stock up on fruit, yogurt, and other foods you can take to-go and store in your fridge.

For those in an apartment or house, cook at home. Consider meal prepping too, which can save both time and money.
Create a budget

Calculate your monthly earnings then make a spreadsheet or use a free app to track your spending.

Review it on a weekly basis to understand where your money goes and adjust as needed to fit your income, expenses, and savings goals.
Take an online college course

Accredited institutions such as Portage Learning offer online, self-directed college courses, which give students an opportunity to earn credit on their schedule — and price point. Courses cost $223 per credit, significantly less than the average four-year public university charges in-state residents, and include all text and video materials needed.
Pick up a side hustle

Gig work offers what busy college students need: flexibility and quick cash. Top side hustles include:
- Food delivery such as Door Dash and Instacart
- Rideshare driving such as Uber and Lyft
- Pet sitting and walking
- Tutoring
- Participating in surveys and research groups
Tap into campus resources

The money you pay in tuition goes toward more than just the cost of your courses. Make use of the campus gym, library, career center, tutoring services, and other supports offered at your college.

Many universities host events throughout the week, providing free entertainment that keeps you busy, too.
Take advantage of student discounts

Seek the specialized discounts that local and national businesses extend to college students.

Offers may help you save money on a variety of activities like streaming subscriptions, movie tickets, museum trips, and more.

Pursuing your degree comes with new opportunities and, of course, expenses. But you really can live a rich life — even as a stereotypical broke college student.

It just takes the right mindset and tips to stretch your dollar further.

(Ready to start saving? Take an online college course with Portage Learning. Credits earned transfer to more than 2,800 institutions nationwide. Explore our courses.)

Still looking for answers?

Check out the FAQs about this article below.

FAQs - Frequently Asked Questions

How much do college students spend per year?

On average, college students spend $38,270 per year to earn their degrees. This includes classes, books, supplies, and daily living expenses. But, there are many things students can do to reduce this financial stress.

Does meal prepping help save money?

Yes, meal prepping can help you save money. Meal prepping reduces impulse spending and has you eating your meals at home, which ultimately saves you money. For students with a meal plan, you should eat at the dining hall each day and stock up on fruit, yogurt, and other foods you can take to-go and store in your fridge.

Where can I find student discounts?

Most businesses offer discounts to college students. This includes streaming subscriptions, movie tickets, museum trips, and many more. Take advantage of these discounts while you can!

Can online college courses save you money?

Yes! Portage Learning offers asynchronous college courses at $223 per credit. Credits transfer to more than 2,800 institutions nationwide. Explore all courses here.