Students can experience financial difficulties and may be hesitant to purchase the books and other supplies they need, simply because they can’t afford them. Forgoing the purchase of learning materials can have a negative impact on their college GPA and can eventually lead to suspension or withdrawal from classes. One of the many challenges students often face is the financial expenses in going to university, especially if they don’t qualify for a scholarship or they have exhausted their student loans to cover there tuition/room and board expenses.
LEARNING MATERIALS FOR LESS
There are several ways that students can get the materials they need for less money. Purchasing used books or sharing books with friends is one way to reduce expenses when it comes to materials for school. Another way is to find access to textbooks and other learning materials online and access them through their personal computer. Also, purchasing books from an online reseller is a good way to get the books for about half of what the college is selling them for at the beginning of the semester.
WHERE TO BORROW THE FUNDS YOU NEED FOR BOOKS
BANKS AND TRADITIONAL LENDERS
Many students can get financial assistance for books and tuition through the school they are attending. Others can access funds through a personal loan at a bank or other lending institution. As a student, however, you may find it difficult to get a loan or approved for a credit card, even if it is just for a few hundred dollars because you have limited resources with which to pay the loan back.
It can be difficult to discern who you are dealing with through online channels. There are many different available lenders, but many will offer you fast cash at a very high interest rate. Now these payday and car title lenders will usually help you get the cash you need quickly. The benefit is that you can usually have the money within 48 hours and that you don’t have to have any established credit to be eligible. On the flip side, they usually have a high-interest rate and fees associated with them, making them less than attractive option for those who are already living on a fixed income.
FAMILY AND FRIENDS
We all hate to grovel and ask for help from our friends and family, but unfortunately, sometimes there is not really an option. If you have someone who can help lend you the money you need for your books, on reasonable repayment plan then go for it. It will wind up costing you a lot less than a payday loan or even a traditional bank loan will.
You may want to check with instructors and other students at the school you are attending. Sometimes there are other options available that you may not be aware of. Some school libraries even keep a few textbooks on hand for students to use in-house. So be sure to ask around and see what options are available to you.