Although Cakes is just starting preschool and Cupcake is only 6 months old, my husband and I have already begun saving for college. As someone that was burdened by the weight of student loans for so long, I know first hand how much financial assistance helps. I hope that not only will my girls both want to attend college, but that we’ll be able to have enough saved up so that they won’t have to anguish quite as much as I did over how to pay for their education.
I know that with the exorbitant costs of education outpacing the rate of inflation that it’s unlikely we’ll be able to fully fund both girls’ college expenses. Even if they miraculously find their college educations fully funded through our contribution, scholarships, and from working, there’s no reason to squander the money away.
One way I plan to help ensure they are able to stretch any money they do obtain is to encourage my children not to purchase text books from the bookstore. By utilizing online resources such as renting textbooks through a service such as CampusBookRentals, they could save anywhere from 40-90% over bookstore prices.
I wasn’t even aware of textbook rentals when I was attending college. Renting a textbook just seems like such a better alternative than purchasing even a used text. I wish I had known about this for my Nonverbal Communication course because I could have saved myself 44%. A textbook for less than $100 is usually a steal but less than $35? And free shipping each way? That sounds pretty great and could easily fit into a college student’s budget. I hope this company is still thriving in 15 years and my girls can take advantage of it!
How did you pay for college or help stretch your budget further?