Tips for college students to save money

I was born and raised in NY and moved to FL when I was 15 yrs. old. As a child, my dream was always to become a singer/fashion designer. However, as I got older, my passion and interest changed and I decided I wanted to get into Alternative Medicine. When I graduated high school, I joined American Intercontinental University to get my Bachelor’s degree in Business Administration. However, news of my grandfather’s accident made my family move to PR and the withdrawal from school took place. After my year was up, my mother showed me an advertisement for a school in Orlando FL, that was within the field I was interested in. I was extremely happy and immediately went to the school to get more information. It was there; I signed up to get my Bachelor’s degree in Alternative Medicine. My credits from American Intercontinental University were transferred over soon after. I graduated with my Bachelor’s in Alternative Medicine back in 2008 and that year was a happy year for me. However, the demand to find a job in that field in FL was very little. Years passed, and I continued to look into different schooling options to get my Master’s degree in a field high in demand. I signed up to the University of Bridgeport to get my Master’s in Nutrition. But the school academic advisor said I had to pay $8000 out of my pocket for the pre-requisite classes I needed because financial aid would not cover it. That was very hard for me. I felt stuck until I began substituting and learned I liked working with children with special needs and immediately signed up to join National University and got my Master’s in Teaching with a specialization in Autism. I recently finished the graduate program and I am currently working towards getting my Behavior Analyst certification with the board to work with these children and hopefully apply my knowledge in Alternative Medicine to help these kids in the areas needed.

Attending college and getting a degree can be extremely rewarding. However, it can also be overtly expensive. As you continue, the amount of debt continues to increase. So how can you diminish the amount of debt you accumulate when in school? If you’re anything like me, you probably look forward to receiving that extra disbursement some schools give out to students who qualify for financial aid. One of the things you can do is send that money back. Or, if you are able to control your spending, save the money into a CD with high interest rates until you have finished school. Another option is to start paying your loans while you are in school. A small amount will go a long way and trust me; it helps a lot to pay even if it’s just $20. While deferments and forbearance are very popular and well known, the down side to using them is the interest you accumulate. Lastly, scholarship can help your chances of lowering the amount of debt you accumulate during the years you are in school. One web site I recommend to begin your scholarship search is with Scholarship Points. This is a very popular scholarship web site and only requires you to earn enough points to apply for scholarships. You earn points through codes that are displayed on Facebook, Twitter, Google+, referring a friend, and so on. Some people find relief in consolidating their loans. Consolidating them lessens your payment and makes it easier to keep track of one lender. These tips may help lessen the burden and fear you have in accomplishing your educational goals. Furthermore, there are many programs and services out there that can help you eliminate your student loan debt, even if you are afraid of the possibility of falling into default.

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