If you can possibly get by without a car on campus by using public transportation, catching rides home and biking or walking to class, you save in multiple ways.
- Car insurance. Check with your insurance provider on resident student or occasional driver discounts for college students who don't have a car on campus and attend college at least 100 miles from home. Discounts can vary but may be as high as 35%. Also consider whether you will be driving while at home over breaks and how that might affect your coverage.
- Parking fees. The cost of a student parking permit can be well over $100 per year. Add to that the cost of any tickets for parking in unpermitted spaces or exceeding time limits, as well as the cost of metered parking.
- Fuel and maintenance. Besides the cost of gas, which increases the more you drive, think about the cost of oil changes, tire repairs and other maintenance costs.
Some college and universities charge students a fee for health or dental coverage while they attend school. Carefully review your billing statement or contact your financial services or cashier's office to see if you're paying for this insurance. Then, speak with your parents or guardians about any existing coverage to compare cost and benefits.
Do what you can to maintain good overall health. In addition, cut habits like smoking, vaping or drinking. These products are expensive to purchase and may result in additional costs for doctor visits, fines and more.
If you took advanced classes in high school or are otherwise academically prepared, check out the testing options. You may be able to test out of or transfer credit for required general education courses, saving you the cost of tuition for those classes.
Also work with your academic adviser to stay on track academically. Repeating classes or taking unnecessary ones costs you money for every credit hour.
In addition, streamlining your coursework can help you leave college earlier, allowing you to save on housing and other costs associated with attending school.
Avoiding or reducing daily expenses and cutting costs can also save you upwards of $100 per academic year.