How to Save Money as an Online Student

Posted: March 20, 2024 | Author: Madelyn Bushman | Read Time: 2 minutes

Arial shot of a college student sitting at a table and working on a laptop.

Online education has become a popular and convenient option for students seeking flexibility and accessibility. And while a college degree is an investment, pursuing an online education at Southern Utah University doesn’t mean breaking the bank.

There are several smart strategies that online students can employ to save money without compromising the quality of their learning experience. Let’s explore some practical tips to help online students manage their finances wisely: 

Utilize textbook options

Textbooks can be expensive, but there are ways to cut costs. Consider purchasing used textbooks or exploring digital versions. Many online programs offer e-books at a fraction of the cost of print editions.

There are also options out there for students to rent their textbooks for a fraction of the cost, and they don’t have to keep the textbook after they complete the course. Websites like Amazon, Chegg or eCampus have rental options available for textbooks.

In addition, Southern Utah University now has an online buyback program where students can sell textbooks free of charge.

Explore Financial Aid Options

Check if you qualify for financial aid or scholarships. Filling out the free application for Federal Student Aid (FAFSA) is a crucial step in determining your eligibility for federal grants, loans and work-study programs.

Create a Budget

Developing a budget is essential for managing your finances effectively. Outline your monthly expenses including tuition, textbooks and additional fees. Identify areas where you can cut back, and allocate funds strategically to ensure you can cover all your essential costs.

Utilize Student Discounts

As a student, you may be eligible for various student discounts. Check with software providers, technology companies and other relevant services to see if they offer student discounts. This can apply to everything from software subscriptions to laptops and other tech essentials.

Additionally, there are also student discounts and offers from the world’s top brands like Amazon and Spotify, helping students save money on subscriptions.

Optimize Technology Costs

Technology is a crucial component of online learning, but it doesn’t have to break the bank. Consider purchasing refurbished laptops or taking advantage of student discounts on software. Also, explore free alternatives to expensive software programs whenever possible.

Explore online marketplaces such as Facebook Marketplace or eBay where individuals sell used electronics. This can be the perfect route to go as many sellers offer second-hand computers at significantly lower prices. Learn more about inexpensive computer options for students.

Maximize Time Efficiency

Lastly, time is money. Efficient time management can help you complete your courses on schedule, minimizing the need for additional semesters and associated costs. Stay organized, create a study schedule and make the most of your learning opportunities to graduate on time. 

Embarking on an online educational journey at SUU doesn’t have to be a financial burden. By employing these smart strategies, online students can save money without sacrificing the quality of their education.

SUU’s Financial Wellness Center can help online students overcome financial obstacles by assisting them in everything from completing their FAFSA, applying for scholarships, learning to budget and more.
Contact SUU’s Financial Wellness Center today to understand your financial options better.


Tags: College Tips SUU Online

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