We’ve all been there – your award letter comes and maybe it’s not quite as much as you’d hoped it would be. And the loan portion isn’t quite as little as you’d hoped it would be. But you take out the loan anyway because how else are you supposed to pay for school? We’re 18-22 year olds mostly, and I don’t know about you, but I certainly haven’t got $30,000 lying around for free spending. College costs continue to rise and with the rising cost comes a rising amount of average debt per student per year.
In addition to a higher amount of debt being taken on by students, a larger number of students have to resort to taking out loans as well.
Another thing to keep in mind while borrowing for undergrad, is how you are planning to pay for grad school should you choose that route. According to the Wall Street Journal, “About 15% of graduate and professional school students graduate with six-figure student loan debt compared with only 0.3% of undergraduate students”. Be aware of potential salary increases that can come from an advanced degree in comparison with the additional debt and decide for yourself if it is appropriate for your goals.
Student loan debt is not all bad though. With proper planning and budgeting, you can keep your student loan debt under control. Still, college students need to be aware of how much they are borrowing and make sure it is the smallest amount possible to get through school. Supplement the borrowed amounts with jobs and scholarships as much as possible. It’s not always enough to cover everything, but every little bit counts especially once interest starts adding up on an unnecessary loan.
Have a backpack full of used textbooks you don’t need anymore? Sell your used college textbooks to eCampus.com! It is much easier than selling your textbook at the campus bookstore, selling them to a friend, selling them on Craigslist, or selling them to that weird kid down the hall.
Just visit eCampus.com, enter the ISBNs of the books you want to sell, print your FREE shipping label, and send them to us! We offer checks, direct deposit, or get 20% more for your books if you choose in-store credit.
Have a great summer everyone and remember that you can make some easy money selling your college textbooks to eCampus.com!
Recently at eCampus.com we conducted a survey to find out reasons why students might purchase an eTextbook over a traditional one. With this growing textbook trend we were curious to know what factors were going into student’s decision making. Our findings showed that “lower price” outweighed both “instant access” and “portability.” This is an interesting find because textbook rental is still the most cost effective way to get a textbook. Although students found eTextbooks to be a money-saving option, they may not be the time-saver many assume them to be. Survey results show nearly half of all respondents saved only one hour or less per week by using eTextbooks.
eCampus.com has seen a gradual increase in eTextbook popularity since they were first introduced a few years ago. eCampus.com now carries more than 100,000 eTextbook titles on its site all available for instant access. Typically, an eTextbook can save students anywhere from 20 to 35 percent off of the list price of the physical textbook which is very attractive to most college students. Another feature that students enjoy about eTextbooks is the ability to take notes and highlight, or copy and paste text and print pages. When asked students participants found the “search” feature to be the overall favorite, followed by “highlighting” and “copy/paste.” Everyone knows that college students are all about saving money when it comes to school, so it is no surprise they value the lowest priced option for textbooks.
Read full press release and view infographic.
eCampus.com is getting ready for the rush! School is back in session! We know you will be needing textbooks, so click over to eCampus.com to find all the books you need! We offer students the option of new textbooks, used textbooks, rent textbooks, and etextbooks! Get your books while they are in stock!!
Also be checking back for coupons and discounts!
Good luck this semester!
I’m reading Fundamentals of Financial Management
Chris Fernandez, a student at Binghamton University in New York, is officially the winner of the 2011 Excellence Awards Scholarship from eCampus.com!!! Chris beat out over 400 applicants for the title and the $2,000 scholarship! Chris is a freshman studying Electrical Engineering at Binghamton.
Some of Chris’ achievements include: completing the rank of Eagle Scout through the Boy Scouts of America (serving as the Senior Patrol Leader of his troop for a year); planned, organized and lead a landscaping project and flowerbed installation at a new elementary school playground; four time High School All-American in track; maintained a 3.5 gpa in his first semester as an electrical engineering student at Binghamton; and ran a freshman school record for the 800-meter distance in track at his university.
Chris’ application included a summary of the affect this scholarship would have on his life: “Receiving this scholarship would help my family afford to keep me in school. As the oldest of four children, this scholarship would help relieve some of the financial strain my education has on the rest of my family. I plan on continuing my pursuit of excellence through the rest of my collegiate career and later into the workforce,” said Chris.
The rest of the Top 5 included Angel Cadena Jr., a student at Southern Connecticut State University; Ashley Carr, a student at Indiana University Bloomington; Alexis Smith, a student at Lee University, and Lauren Delpont, a student at Transylvania University. All of the candidates received a combined total of 1,392 votes from their friends and family on Facebook. Fernandez won the Award with 491 votes.
The 4 runners-up all received a $250 gift card to eCampus.com for future textbook purchases.
Thanks to all of you who voted, and stay tuned for the next chance to win BIG from eCampus.com! Keep up the hard work! And congratulations to Chris Fernandez!!!
I’m reading Science of Psychology