The Non-Traditional Student Blog (BA): nontraditional students save money tips

This posting is an Expanded continuation of a posting called: More Tips for Nontraditional Students: 10 situations, plus possible solutions.

#5. You have Student Loans that seem to be adding up too fast. My old answer on the original posting was short and sweet. "Consider getting a part-time job to help you pay for more things yourself. OR a summer job. There are also some work-study programs available at some schools."

Sure, these things might help. But with the minimum wage not even enough right now to pay bills (NOT a living wage!) there is no way working even full-time for awhile will make a very big dent.

But hopefully there is help for student loans around the corner. There was a recent push for lower interest rates. Unfortunately, this did not pass to become law. But I am hopeful this will eventually happen.

In the meantime, try some other ways to save money on your student loans.

A. Only take out the amount of loan that you need.
B. Save money by having room-mates, sharing an apartment, maybe even living on campus.
C. Save money by not eating out as much. Do you REALLY need that new outfit too?
D. "Shop" for your student loans, using the official FAFSA site, and the cheapest loans possible, NOT a credit card, if possible.
E. Try to take all your prerequisites you can, in order, and plan out your semester's work with the help of an advisor. (You MIGHT save 1-2 semester's worth of loans that way...)
F. Look into a Loan Forgiveness program in your major. Is there a way of "giving back" that you could access? Ask about this, and do the research too.
G. Invest time in a possible Internship Program that could get you more connections to a job to pay back your student loan quicker.

What other possible Save Money tips do you have? List them as a comment.

Consider getting a part-time job to help you pay for more things yourself. OR a summer job. There are also some work-study programs available at some schools. - See more at: http://non-traditional-students.blogspot.com/2014/05/more-tips-for-nontraditional-students.html#.U6r3O6igKtp

#5. You have Student Loans that seem to be adding up too fast. Consider getting a part-time job to help you pay for more things yourself. OR a summer job. There are also some work-study programs available at some schools. - See more at: http://non-traditional-students.blogspot.com/2014/05/more-tips-for-nontraditional-students.html#.U6r3O6igKtp

Here are some other postings that might help you.

10 Tips for Saving Money at School

Student Loans - What you should know, plus tips

And here is are two recent news stories you may like:

Senate blocks Warren's Student-Loan Refinancing Measure

Student loan forgiveness: What you don't know (but should) via USA Today

Here are the "Expanded answers to the Advice Posting so far:

#1: Were your grades great, or would you like a redo of them, nontraditional students?

#2: Not enough credits to graduate, CLEP, addition, accreditation, transfers, more.

#3. Are you taking the courses you want to take? Or is it time to change course?

#4. You don't know if you want to continue, for any reason. Can you continue on?

Here is the original posting again you might like to check out: More Tips for Nontraditional Students: 10 situations, plus possible solutions.

My next posting will talk about #6: You may want to transfer schools.

Again, good luck this summer, whether you are in school, on vacation, at a job, or whatever you are choosing to do.

#5. You have Student Loans that seem to be adding up too fast. - See more at: http://non-traditional-students.blogspot.com/2014/05/more-tips-for-nontraditional-students.html#.U59gn6jGJox

Betsyanne

Some Nontrad links: The Nontrad site and blog

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#5 of 10 - More Tips for Nontraditional Students: are your student loans adding up too fast?