Money Saving Tips for College Students

Let’s face it, college is expensive and most students have a limited cash flow. The good news is that a number of businesses realize this and make an effort to accommodate their student clientele. Always keep an eye out for student discounts, and bring your student ID with you wherever you go. Many establishments offer discounts to anyone with a student ID – from clothing stores to restaurants, movie theaters and museums. Even if it isn’t advertised, it doesn’t hurt to ask. You may be surprised by the savings.

If you drive, look for an auto insurance provider that offers a student discount. If you take public transportation, check to see if your city offers transit passes at a reduced rate for students.

Do you have roommates? If so, there’s another opportunity to save. You could go in together on a wholesale club membership and buy household items in bulk, splitting the cost. If you’re not on a meal plan through your college and you buy your own groceries, couponing is a great resource for students. It may take some time to find the coupons you need, but the savings can really add up. Coupons are everywhere today, from the newspaper, to in-store circulars, attached to individual products, and online. Check out apps that will help you get money back on groceries like Ibotta and Checkout51.

While the internet is a great place to find deals, try not to browse online for discounts. If you don’t have a specific product in mind you  may be tempted to purchase a whole lot of items you don’t really need just because they’re on sale. It can be counterproductive to your goal of saving money. A great money management rule to follow is to search online for discounts only after you’ve identified exactly what you need.

Finally, reach out to your student loan servicer for information on student loan payment programs that can save you money in the long run.

Who is the NFCC?

Founded in 1951, the National Foundation for Credit Counseling® (NFCC®) is the nation's first and largest nonprofit dedicated to improving people's financial well-being.

NFCC members help millions of consumers like you through community-based offices located in all 50 states and Puerto Rico. Each NFCC member agency has earned our seal by adhering to high standards and ethical practices designed to help you achieve financial stability.

Funding for operations and services comes from an ever-changing combination of federal, state and local government grants, as well as donations from financial industry participants and private donors.

For more on the NFCC, visit

Thank you to our funders.

The Sharpen Your Financial Focus program is an initiative of the National Foundation for Credit Counseling (NFCC) in partnership with a broad cross-section of supporters. Together, we are committed to increasing the financial well-being of Americans. This initiative is partially funded by Bank of America, Chase, Synchrony, Wells Fargo and other major financial institutions. We thank all funders and partners who make this program possible. For more information, visit

National Foundation for Credit Counseling
2000 M Street, NW
Suite 505
Washington, DC 20036

For NFCC Media Inquiries:
Bruce McClary
Vice President of Communications