If you’re a college student, you’re likely already thinking about your summer break. Whether you plan to return home and visit friends and family, go on a trip, or just relax, many college students use the summer as an opportunity to recharge for the upcoming fall semester. But before you decide to take the summer off, consider the financial benefits of taking classes instead.
Although it will depend on your school and the courses you’re interested in taking, it’s common for classes to be cheaper (sometimes up to 50 percent cheaper) than courses offered during other, longer semesters. What college student wouldn’t want to earn the exact same amount of required college credits, but at a cheaper price?
More availability for cheaper course materials
Course materials (textbooks, primarily) can be very expensive, and in an effort to save money, many college students will opt for used. But unless you act quickly (as in, before the semester even begins) it can be difficult to find used textbooks at your college bookstore; used editions that are used in a lot of classrooms can even be difficult to find online once the semester has started. However, because there are not nearly as many students taking summer classes, it means course availability is better, classes are less crowded, and as far as used textbooks go? Much easier find.
If you’ve thought about interning somewhere, the summer can be a great time—in fact, this is when a lot of companies offer internships to students. An internship is a great way to gain job experience over the summer, but it can also earn you college credit by getting you one step closer towards your degree. Although registering for an internship will usually cost you tuition money (since you’re technically registering for a course), you may be able to cancel out these costs (or at least lower them) by taking on an internship that is also paid.
Avoid tuition increases
Graduate sooner by taking classes during the summer (and every semester, for that matter). By graduating as soon as possible, you’ll be less likely to still be in college when there is a tuition increase, which can help you save money on your degree overall.
Finding a balance
If you’ve got your heart set on plans that you just don’t want to break, there might be a way you can keep those plans, yet without fully taking the semester off, either. Because most colleges throughout the country offer online classes, there’s a good chance you can find at least one class being offered online during the summer that will fulfill one of your degree requirements. This way, you can still take a class from anywhere in the world—as long as you have a decent Internet connection.
Do you need money to take care of college expenses? Instead of turning to student loans, you may have other options if you’re receiving long-term structured settlement payments. At Peachtree Financial Solutions, we can purchase some or all of your structured settlement payments for a lump sum of cash. Contact Peachtree Financial Solutions today to learn more about selling future payments for a lump sum payout.
Nothing above is meant to provide financial, tax, or legal advice. You should meet with appropriate professionals for such services.