Do you need to start the study but lack money for expensive study books or a new study computer? It can be expensive to get started as a student, especially because the student loan rate does not cover much more than the rent and the fixed expenses.
So if you do not have a large savings, you may need to borrow for study books or study computers. This gives you good opportunities to go online, which is far easier to get approved, compared to the bank.
Need money for a college startup?
If you need money to start your studies, the web will be the easiest and fastest way to make more money on your account. You should just do your prep work properly so that you find a reasonable interest rate. You should not be too expensive.
We recommend that you apply to at least 2 companies online while you inquire at the bank.
You can search online at this site .
You should subsequently receive loan offers back and your bank advisor will also be able to give an indication of your options. By following this approach, you will be scanned for both options to find the best or cheapest solution.
Should the bank end up rejecting you, which most students will probably experience, you already have online loan offers ready in the inbox of your mail. It is always mandatory and absolutely free to apply.
Related: See also our pages about borrowing money for books and new computer .
The most expensive expenses are in the beginning
There is no doubt that the most expensive expenses are at the start of the academic year. It’s always there that you have to buy expensive books or a new computer so you can keep up with your friends. During study time you use the computer really much, so it does not matter what you do around.
Spending $ 5,000 – $ 9,000 on a new computer can be a good investment, well spent, over a multi-year period. After all, many courses last 3-5 years, where a lot of work has to be done in Word, Excel, Power Point etc.
Good tips for saving money
We end by giving you a number of good tips for saving money and getting started cheaper at the start of your studies. Because you don’t necessarily have to buy new to get what you need. You may want to consider the following:
- Borrow the textbooks at the library
Most studios have libraries where you can buy the books in used format. As the literature changes very little, even an older version of the book may have almost identical content.
You may therefore consider borrowing especially the thickest and most expensive books. Admittedly, you can only have them for a limited period at a time, but then you can always renew the loan period. See more at Good Finance.
- Buy a used computer
Buying a used computer is another alternative that can quickly save you a few thousand dollars. The problem is that you are not “protected” with the same warranty as if you were buying new.
It is therefore a little more risky and under your own responsibility, but no doubt good savings and trades can be achieved. If you are good at finding the right model from a trusted seller.
We hope you have learned how to borrow money for a college start and save yourself money if you prefer to follow our 2 tips.
Buying a study computer on installment – a good idea?
If you do not choose to borrow money for the study computer or buy it in used condition, there is a whole third option. It’s about buying the study computer on installment. The question is, is it one good idea at all? We will take a closer look at this in this section.
For while it may be tempting to buy on installment, there are just a number of matters and important points you should know about. Choosing this solution is rarely free, so you will typically experience the same costs as choosing the loan. In fact, it may well end up being more expensive if you are not aware of interest and fees.
You should therefore consider financing through installment, just as if you were borrowing a computer loan as a student . Although there are some cases where you are offered interest-free installment, always remember to read the terms carefully no matter what. When asked whether this is a good idea, the following can be mentioned:
Buying a student computer on installment should be considered a consumer loan, knowing that it can cost you money as the overall cost is typically higher. With interest-free offers, it can be a good opportunity for students if you have control and overview of the economy.
Can your parents help fund the study books?
There is no doubt that the vast majority of parents will be 100% behind them when it comes to education and career. So, have you heard them if they want to help you with financing the study books, if it hurts for yourself? Of course, it depends on the family and your relationship, but it can be an option.
Because while the computer can be considered a thing that one must stand for as a student, the books are absolutely fundamental for you to complete. So that you have a real chance of getting good grades and following the different subjects. An area where you have no choice – the money must be found!
For the same reason, it might be worth asking your parents before considering a consumer loan online. It will be cheaper and you may even be lucky enough to give you the money. Who knows? You should at least turn it around with them, as they probably agree that it’s a better solution than borrowing money for study books .
We end with one bonus tip, because a lot of money can be made / saved by selling the study books after the course is completed. You may be finished with a semester and will no longer need them. There are definitely like-minded people who have been in exactly the same situation as you.