[July 29, 2014] |
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Take Charge America Breaks Down Dorm Room Necessities; Helps Students Save More Money
PHOENIX --(Business Wire)--
As summer winds down, incoming freshmen are getting ready for their
first year of college. In addition to picking a major and registering
for classes, many are preparing to live on their own for the first time.
It's exciting - but can be an expensive too.
"In past years, students used to live on ramen noodles and dorm rooms
were sparse at best, but that's no longer the case," said Mike Sullivan,
director of education for Take Charge America, a
national non-profit credit counseling and student loan counseling agency.
"Today, retailers aggressively target freshmen to advertise dorm-room
'necessities,' but students are wise to minimize spending, especially if
they're borrowing money for college."
To help students keep costs in check, Sullivan outlines seven tips for
determining what to bring to college, and what to leave behind.
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Consult your housing office: Before buying a new toaster or
candles, students should contact their housing office to fully
understand rules and egulations. Many residence halls don't allow
toasters, hotplates, halogen bulbs, air conditioners, candles,
waterbeds and extension cords.
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Team up with your roommate: Few dorms are large enough for
multiple appliances. Students should wait and coordinate major
purchases with their roommate.
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Pack the basics: Most dorm rooms include a bed, desk, mirror
and trash can, and students must bring other essentials including
linens, toiletries, pantry basics, cleaning supplies and a first-aid
kit. If an item isn't used on a daily or weekly basis, consider
leaving it back home.
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Decorate - wisely: Students want to make their dorm rooms their
own, but this doesn't require significant spending. Framed photos,
posters and a houseplant add a homey touch to any space, but it's wise
to skip the fancier furnishings and redirect funds toward tuition and
books.
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Scour sales: Students can find low prices on linens and dishes
at discount stores and yard sales. They can also reap savings with
price-comparison apps or online auctions.
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Stock your kitchen: Dorms don't offer much of a kitchen, but a
mini-refrigerator, pantry and microwave will go a long way in cutting
dining out expenses.
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Utilize campus amenities: Students who use campus fitness
centers, library movie rentals, intramural sports, student clubs and
on-campus entertainment will save money while also enriching their
college experience.
For more financial tips, visit www.takechargeamerica.org.
About Take Charge America, Inc.
Founded in 1987, Take Charge America, Inc. is a nonprofit agency
offering financial education and counseling services including credit
counseling, debt management, student loan counseling, housing counseling
and bankruptcy counseling. It has helped more than 1.6 million consumers
nationwide manage their personal finances and debts. To learn more,
visit www.takechargeamerica.org
or call (888) 822-9193.
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