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How to Save Money on Tech: Smart Tips for Your College Student

How to Save Money on Tech: Smart Tips for Your College Student

Tech is one of the biggest expenses for students, but does your child really need the latest and most expensive things? Many parents assume that a brand-new laptop or the latest smartphone is a must for success. But what if there were smarter ways to get the same results without using too much?

You don’t need to spend more than necessary to get your child the right technology for college. There are plenty of ways to cut costs without sacrificing performance. Some devices come with special student pricing, while others hold their value well even when bought second-hand. The key is knowing which options offer the best balance between cost and reliability—and that’s what we’ll cover in this guide.

Let’s get started.

Why Tech is Important for College Students

College life is about technology. From submitting assignments to participating in virtual lectures, students depend on units every day. A reliable laptop ensures you can take notes, research effectively, and complete courses without delays. At the same time, a smartphone keeps them connected, whether for group projects, planning courses, or reaching out in emergencies.

Apart from academics, these gadgets help people stay organized and productive. Cloud storage, note-making apps, and calendar reminders help them to meet deadlines. Many professors also use online portals for study materials and communication. Thus, access to technology become even more important.

But even if technology is necessary, it is equally important to use it wisely. Not all expensive gadgets are worth the cost. Understanding what is necessary and where to find budget-friendly options can help parents make smart choices without using too much.

Smart Tips to Save on Tech for College Students

Technical expenses may increase quickly, but smart decisions can help you cut costs without sacrificing quality. Here are some suggestions to guide you through the best ways to save money on required technology.

Choose the Right Laptop Without Overspending

A laptop is one of the most important tools for students, but that doesn’t mean you need to use a fortune. Many affordable alternatives offer good performance, and student discounts can reduce costs even more. Before buying a purchase, it is important to understand what your child actually needs for their courses.

Do students really need an expensive laptop?

Many students assume they need the most powerful and high-end laptop, but that’s not always the case. The best choice depends on the major and the programs they want to use. Parents should focus on functionality over brand names and avoid paying extra for unnecessary functions.

A brand-new laptop isn’t always necessary—lightly used models can offer great value while saving hundreds of dollars. If you prefer a new one, that’s completely fine, while a used laptop can also be a good choice. Well, we will discuss the advantages of used laptops, but before that, let’s go over how to find the best deal on a brand-new one.

Comparing Laptop Types

Not all systems are built the same, and picking the right one depends on your child’s needs. Some majors require powerful software, while others can function with basic models. Here’s how different laptop types compare:

MacBooks: Great for creative fields, but often more expensive.

Windows laptops: Offer a variety of models for different budgets and needs.

Chromebooks: Affordable and good for basic tasks, but may not support all software.

Student Discounts on Laptops

Many brands offer exclusive student discounts through educational programs. Companies such as Apple, Dell, and Microsoft provide special prices, extended guarantees, and students included. Checking with the college shop or official brands can help you find the best deals before buying.

Why Buying Used is a Smart Choice

New gadgets can be expensive, but buying a used device can save you 30–50% without sacrificing performance. Many people use laptops, smartphones, and tablets to do new work, especially if they are maintained well. For those parents who want to cut costs, it is an option worth considering. A common concern is whether used equipment is stolen, damaged, or closed.

Apple devices, for example, are good choices. MacBooks, iPhones, and iPads are built to last, and they have a longer value than many other brands. A used or refurbished Macbook, for example, can act as new for years at a lower price. The key is to know how to confirm a used device before buying. In the next section, we will go over the best ways to check if a laptop, phone, or tablet is safe and worth the investment.

Steps to Check a Used Device for a Good Deal

Buying a used laptop, phone or tablet can save a lot of money, but only if you check the device properly before purchasing. A few simple steps can help you avoid stolen, damaged, or locked devices. Whether you’re considering a Windows laptop, an Android phone or an Apple product, these checks ensure you get a reliable device, similar to being on top of cell phone repair.

Run a Serial Number or IMEI Check

Before purchasing a used device, it’s important to check its serial number to verify its history. This helps confirm whether the device has an active warranty or has undergone major repairs. If you’re buying an Apple product, using an Apple serial number lookup can provide details about its warranty status, repair history, and any hardware replacements.

For iPhones and iPads, checking the IMEI number is also necessary to ensure the device is not blacklisted due to theft or unpaid bills and it is not carrier-locked, which could limit its usability.

If you’re unsure how to check an Apple serial number, there are detailed guides available online that walk you through the process.

Inspect the Laptop or Phone for Physical Damage

Even if the device is verified as authentic, a physical check is just as important.

Laptops:

● Check battery health—a weak battery may need replacement soon.

● Inspect the screen and keyboard for any cracks or missing keys.

● Feel for overheating issues after a few minutes of use.

Smartphones/Tablets:

● Test the touchscreen responsiveness and check for dead pixels.

● Open the camera app to make sure both front and back cameras work.

● Plug in a charger to confirm the charging port is functional.

By following these steps, you can confidently buy a used device that works like new—without paying full price.

Choosing a Budget-Friendly Smartphone

A new smartphone isn’t always a necessity for college. While it might be tempting to upgrade, holding onto an existing phone can save hundreds of dollars. Encouraging your child to use their current phone for another year or two can free up money for other college expenses. If an upgrade is absolutely necessary, choosing the right phone plan can also help cut costs.

Best Student Phone Plans

Picking the right plan is just as important as choosing a device. Some cost-saving options include:

Prepaid vs. family plans: Prepaid plans are flexible and often cheaper, while family plans offer discounted group rates and shared data.

● Student discounts and budget carriers: Many carriers offer lower rates for students, and smaller carriers often have more affordable options than big networks.

Comparing plans based on cost, coverage, and data limits ensures your child gets the best deal without overspending.

Saving on Software and Subscriptions

Software and membership can quickly be added, but many essential equipment are available for students at low costs and for free. Taking advantage of student exemptions and avoiding unnecessary expenses can help to keep spending under control.

Free or Discounted Student Software

Many institutions provide free access to Microsoft Office and Google Docs, so there is no need to pay for them. Students in creative fields may also get a discount in Adobe Creative Cloud Plan, making high-end software more affordable.

Avoiding Subscription Traps

Streaming and music services often offer student discounts, but multiple subscriptions can still add up. Sharing family plans is a simple way to save while keeping access to entertainment.

Cloud Storage and Free Academic Tools

Students don’t need external hard drives when free cloud storage options are available. Tools like Grammarly and Zotero also provide free academic support, making schoolwork easier without extra costs.

Tech Accessories: Where to Save and Where to Spend

Tech Accessories: Where to Save and Where to Spend Accessories do not need to be expensive initially, but the wrong ones can be very expensive in the long run. Some must be spent a little more on, but others can be purchased for much less with no difference in quality. Being aware of where to spend and where to save can save you money without the loss of quality accessories.

Avoiding Overpriced Accessories

Popular brands overcharge accessories with much higher prices than they need to be purchased for. Accessories such as charging cables, phone cases, and adapters usually have equivalents from third-party manufacturers that are just as good for much less money. Purchasing from established brands that deal in accessories, and not the device manufacturer, can save you a great deal of money without any loss of quality.

Essential Accessories Worth Buying

Proper accessories can improve both productivity and convenience. Here are some essential accessories:

● Noise-canceling headphones make it easier to focus in shared rooms, especially in online classes.

● An external hard drive provides extra storage and ensures that important files are backed up.

● A USB-C hub allows seamless connection of multiple devices, which is useful for laptops with limited ports.

● Investing in reliable accessories can improve the total experience and prevent frequent replacements.

Where to Find Discounts on Accessories

Purchasing accessories during back-to-school sales or tech discount sales can lead to good savings. Many stores have bundles or special student deals, so it is worth getting essentials then. Online marketplaces and certified refurbished accessories can also be a cheap way to obtain high-quality products at a lower price.

Repair Instead of Replace: Fixing Problems on a Budget

When a gadget breaks right, it’s simple to assume you need a new one. But most common problems can be solved quickly and for much less than a new gadget. Exploring repair possibilities can keep your gadget running longer and save you money.

Why You Should Repair Rather than Replace

Replacing a device is often seen as the most convenient solution, but many issues are minor and easily fixable. A slow computer, for instance, may need a new battery or a software update rather than an entire replacement. Cracked phone screens and aging charging ports are issues that can be repaired easily for less than purchasing new ones. However, the final decision depends on your unique needs and the condition of the device.

Common Tech Repairs That Save Money

Most individuals waste so much money on new devices that a quick solution would be enough. Laptop batteries, for instance, lose battery life due to age, but a new battery is far less expensive than a new laptop. Also, cracked phone screens can be repaired easily and for far less than a new model. Minor repairs like replacing a wrong charging cable or adding storage can also make a device function better without emptying your wallet.

Checking Warranty Before Paying for Repairs

Before paying for a repair, it’s always worth checking whether the issue is covered under warranty. Most brands include protection for hardware repairs, so that means some repairs can

be carried out for free or less. If a device is still covered under warranty, having it repaired by an approved service provider can be the most intelligent option to avoid unnecessary expense.

Best Repair Services for College Students

Choosing between an official service center and a third-party repair shop depends on reliability, cost, and warranty protection. Official service centers provide authentic parts and may include extra support if the device is still under warranty. Third-party shops tend to have cheaper services but inquire about their reputation and whether they provide any type of warranty on the work. Some universities have on-campus tech support, which may have low-cost or even free repair services for minor repairs.

Look into Several Tech Ideas Before You Make a Move

Every parent wants to provide everything, the right technology for college, but spending a small fortune is not necessary. Budgeting for cheaper alternatives, shopping for older models, and inspecting purchases before purchase can translate into huge savings. Repairing rather than replacing can also prolong a unit’s life. Above all, good money habits now lead to better money choices for students in the future and a life of long-term success.

The Financial Benefits of Relocating to Your Child’s College Town

The Financial Benefits of Relocating to Your Child’s College Town

Sending a child off to college can be challenging financially and emotionally, especially over significant distances. Independent living in college can help your child mature and grow, but it can also add a lot of extraneous expenses to their tuition that many families do not have. Even if your child secures a part-time job during school, it may not help pay for all of their room and board. 

As a cost-saving alternative, it’s not unusual for parents to purchase a home near campus to remain close to their children during their college years. Not only does buying a home near your child’s college help you stay close and involved in their lives, but moving during college can be a smart financial decision in many circumstances. While this option isn’t suitable for all families, you may want to consider the potential economic benefits before making a firm decision.

Daily Commute Savings

Depending on you and your child’s schedule and transportation methods, relocating to their college town can save them (or you) a ton of money on the commute. If your child needs to use public transit or ridesharing to travel long distances, those costs can add up during the semester. If you’re there to provide rides or cars for them to use, those travel expenses can be saved. You can also provide a safe and sober means of transportation for your child, which is never a bad thing; moving closer to them can help with this.

Reduced Housing Costs

Paying for your child to live in a dorm or rented home near campus can cost a lot of money. While you’ll pay similar costs per month for a mortgage (unless you are paying in cash), the money goes toward a home you’ll own—an asset. If you and your child are living in the house together, you won’t have to worry about separate lodging expenses. 

Depending on the home, market, and mortgage, you may even pay far less for a new home per month than your current living situation. In order to lock in an ideal mortgage rate, be sure to compare lenders and rates, understand your mortgage options, and research homebuying programs in the state or county you’ll need to buy. Getting loan insights from Mr. Rate can also help you make a more informed decision about smart home purchases. You’ll also want to see what type of homebuying programs are available to you as a new resident; you may save a ton of money on your down payment, interest rate, or closing costs.

Less Long-Distance Travel

When a semester ends and a lengthy break starts, they may want to come back home to save money or visit you. Depending on how far the college is from your home, this can cost a lot of travel money, especially if airfare is involved. Round-trip airfare can cost hundreds of dollars, and if they study overseas, you’ll have to spend thousands per trip. Fare doesn’t even include travel purchases like hotels, airport meals, baggage, parking, car rentals, and more.

Your time together will also be limited to short semester breaks; your child may miss out on birthdays, vacations, or other important dates. When you live near campus, your child doesn’t have to worry about traveling on a break. You won’t have to spend hundreds or thousands on airfare or train fare. Living nearby will help your wallet immensely while allowing you to see your child more often.

Lower Cost of Living

Do you live in an area with a high cost of living? Groceries, property taxes, and insurance rates can make saving for retirement or college difficult. If your child’s college is in a state with a lower cost of living, you can save a lot of money and enjoy more expendable income. Compare the cost of living in your current state to your child’s college state. Many college towns are more affordable to accommodate the young student population, especially when compared to larger cities. When you pay less for daily expenses, you can focus more on savings, supporting your child, or spending more on fun.

Meal Savings

When your child lives independently on campus, they will need to pay for groceries or college meal plans themselves in many cases. These meal plans are expensive, as they provide food for entire semesters. Even if room and board includes meals, these living costs can add up to thousands of dollars each semester. When you live near your child’s campus, they can come home for meals, and you’ll see much lower meal costs. Sharing the grocery bill is beneficial for both of you, especially if your child has specific dietary needs, preferences, or restrictions. You will no longer have to worry about meal plans or expensive room and board costs since you provide the room and board for them!

Rental Income Potential

You may have the space for your child to host roommates in your new campus home, which can be a great opportunity to generate rental income to offset the purchase. If you only live in the home for a portion of the year, you can also allow short-term rentals when the house is unoccupied. You can live rent-free with the right amount of rental income! When your child graduates, you can continue to receive rental income even when you both move out. College towns make it generally easy to find tenants, as college students and families will always need lodging each year. Keeping the home and renting it out may earn you more income over time than selling it entirely.

Potential Tax Benefits

Depending on where you currently live and where your child’s college is, you may have additional tax benefits when you relocate. Some states have no state income tax, like Florida. Other states may have lower property taxes to help you save money on your new home. If you decide to rent out the house, you will likely be able to claim tax deductions that lower your tax bill each year. Compare the tax benefits of where you currently live and the state you’ll be moving to in order to see if you’ll see some financial benefits with a move. States like New Jersey are notorious for high property taxes, and you may save money with a move away from areas like these. You may see fewer tax benefits when you relocate, so research is key.

Scholarship Access

While many scholarships are offered regardless of a student’s location, some exclusive scholarships are provided to local or state residents only. When you and your child move closer to the college campus, you may see an increased amount of scholarships to help your child afford some or all of their tuition. Scholarships are financial rewards offered by the university or third parties to help cover tuition costs. Usually, scholarships will have a certain requirement, such as writing a compelling essay, having a certain major, or belonging to a certain minority group. Sometimes, location can play an access. Local companies may offer scholarships to local students. Research the school’s scholarship options to get a good idea of the requirements. Keep in mind that scholarship requirements and amounts often change each year.

Job Access

Unless you’re moving from a major metropolitan area, a college town will likely have more job access for your whole family. Colleges provide plenty of employment opportunities in many fields, including medical, teaching, and hospitality. Regardless of your area of expertise, you’ll likely find some ideal opportunities in a college town. When you move, you may need new employment, so job access is crucial. Even if you don’t need employment options, your child may want to start working to help provide spending or saving money. College towns also thrive on providing ideal part-time jobs where students can easily balance school and work. These roles may also be beneficial when you retire and want some extra income.

Lower Healthcare Costs

Major college towns typically have excellent medical centers affiliated with the university. These college medical centers often offer more affordable healthcare as part of their student training programs. From hospitals to dentists, universities will offer much lower healthcare rates to allow recent graduates and training students to learn from real patients. The healthcare you receive will still be of the highest quality and safety, but you’ll find more attractive rates. Health insurance companies may even offer exclusive discounts for using campus medical facilities. Even outside of campus, medical costs are generally lower in college towns, especially when compared to larger metropolitan hubs. Healthcare providers may offer healthcare savings plans or exclusive discounts for college students, too.

Affordable Amenities

College towns are packed with fun things to do and sights to see, from concerts to sports games. To draw in the college student audience, many of these amenities are provided at lower costs than in larger cities, and sometimes, they’re even free. You can include more leisure activities in your budget without spending a ton of money. If you’d like to get more education under your belt, some adult classes or seminars are free and convenient to get to due to your proximity to campus. Many universities offer enriching art museums, community gardens, history exhibits, art fairs, and other campus events that you won’t find in other towns. As a bonus, many of these excursions are completely free.

Post-Graduation Investment

After your child graduates, you both may wish to relocate when no longer tied to the college campus. Buying a home isn’t necessarily a bad choice in these circumstances; the house will be a valuable asset for you or your child to rely on. You can sell it to pay off the mortgage or help your child get on their feet. Homes near college campuses are hot and can sell for ideal rates, or you can collect substantial rental income as an alternative. Regardless of what paths you or your child take post-graduation, buying a home can help keep your finances on track. If you’re interested in real estate investment, you can consider it part of your portfolio! You may even want to buy additional real estate in the same town to enjoy the college student rental income. 

Retirement Benefits

Some states are financially friendlier toward retirees than others. Buying a home near your child’s campus may yield some of those benefits if you stay in the home long-term. Some states don’t tax retirement benefits, allowing you to save more during your golden years. College towns offer a lot of amenities and walkable areas without having to pay a ton of money for expensive retirement towns. Even if your child leaves the state post-graduation, you may find the area attractive to retire in. When you don’t have to spend money on retirement, you can save more and enjoy similar amenities.

Will You Relocate to Your Child’s College Town?

Not all families will want to purchase a new home in their child’s college town. Some families may have multiple children going to different colleges, so living nearby isn’t viable for everyone. Purchasing another home may not be affordable for all. Other families may not want to live in their child’s college town for various reasons. It’s important to assess your current lifestyle and financial situation to determine if buying a home close to your child’s campus is right for you.

Another point to consider is the fact that living at home may limit your child’s ability to learn about independent living in their college years. If you’re concerned about your child’s growth and independence, you may want to find other methods to save money during college. They can also take advantage of different opportunities to live independently, such as summer camps or travel groups.

In conclusion, you should compare your current living situation to your child’s college town. Compare property tax rates, home prices, job access, and other costs of living. While purchasing a home near your child’s college can be a very smart move financially due to job access, lower living costs, and fewer travel purchases, you’ll want to put your family’s goals and needs first to make the most informed decision.

Side Hustle Ideas for Moms of College-Bound Kids

Side Hustle Ideas for Moms of College-Bound Kids

College tuition costs continue to rise. Parents often struggle to manage the costs even with substantial financial aid, and students are (justifiably) fearful of the debt they’ll amass trying to pay their own way. The hope of course is that action will ultimately be taken to reduce student debt burdens and lower the cost of college. For the time being though, lots of families need to find creative solutions — including parents adopting side hustles to pay tuition.

Benefits of Side Hustling to Help You Save for College

 Chances are, if you’re familiar with the term “side hustle,” it’s primarily with regard to young adults working full time for the first time. These days, we often expect young people to be working “day jobs” and “side hustles” simultaneously as they look to save up money and establish financial independence. But this isn’t the only use for a side hustle. It can also be a worthwhile venture for a mom — and perhaps a single mom in particular — looking to manage college tuition costs.

Usually, conversations about managing those costs begin with talk of savings, and this is perfectly logical. If you’re a mom hoping to pay for some or all of your child’s (or children’s) tuition costs, you should be looking for ways to save. If you start early, you can take advantage of a variety of methods that help to build on savings over time, and ultimately establish very useful funds that can be applied to tuition checks when the time comes. At the same time though, savings options do fundamentally draw money from your existing income. They are effectively costs that affect your bottom line, perhaps for years at a time.

This speaks to the key benefit of adding a side hustle to your tuition plans. While savings drain your core income, a side hustle provides you with extra income — allowing you to make additional money that you can funnel directly toward payments (or perhaps directly into a savings account, deepening on timing and arrangements). Of course, a side hustle still requires time and effort. But it’s fair to think of it as a way to make extra money for tuition, rather than to further drain the core income you depend on as a working mother.

The other key benefit, as we just alluded to, is that by generating extra income, you may be able to add generously to a savings account or similar, stable investment that can appreciate over time. If, for instance, you are managing a 529 plan for college costs, the money within that plan grows by a small percentage each year. Funneling side hustle earnings into the plan gives you more money that can appreciate over time, rather than just more raw funds.

Now that we’ve covered some of the benefits of side hustles for moms looking to manage college tuition costs, let’s look at some of the best specific jobs worth considering. It’s important to note that a strong, well-crafted resume can increase your chances of landing your dream job. Moms often have limited time yet still want their applications to stand out. In such cases, turning to CraftResumes can help you present your skills and experience in the most compelling way.

Side Hustle 1: Crafting

With so many ways to sell goods online today, a lot of moms will develop profitable side hustles simply making and selling their own goods. Whether that means homemade tee shirts, jewelry, household decorations, or Christmas ornaments, if the products are well made they can be sold online.

Side Hustle 2: Blogging

It takes strategy and diligence to make a profitable blog. But if you know what to write, you speak to a particular audience, and you learn some SEO basics, you can generate enough attention to make some money simply writing in your free time.

Side Hustle 3: Proofreading

 Students and professionals alike are always in need of proofreading services, and today you can easily link up with clients for this kind of work through freelancing sites online.

Side Hustle 4: Transcribing

 Like proofreading, transcription services are always in demand on freelance platforms (such as Upwork and others like it). It tends to be easy work to perform in free time, and while pay isn’t lucrative, it does add up.

Side Hustle 5: Taking Paid Surveys

There are all sorts of opportunities to answer paid surveys, and some of them take only minutes at a time. This is a job a working mother can do in a carpool line, at the park while younger kids play, etc.

Side Hustle 6: Selling Art

This is a terrific side hustle for working moms who happen to have a talent for art, naturally. But here again, the internet and social media have made it much easier to sell valuable work. In time, a mother with talent in this space can even develop what is essentially a personal business, generating more and more meaningful income as attention and appreciation for the work spread.

Side Hustle 7: Selling Photos

Everything we just noted regarding art applies to photography, for those who have more skill in this area. Here too though we’ll also note that stock photo sales can make for a handy side hustle, because profits can be generated for work already done. That is, even if you’re only making $1 per download on a photo, those dollars may keep coming in for months or years.

Side Hustle 8: Selling Baked Goods

For those moms who have a talent for baking (or making any sort of treat, really), there is also some potential to generate meaningful side income. Whether through online or local sales, there’s always a market for tasty goods!

Side Hustle 9: Testing Products

Numerous services exist that help to pair willing participants with product-testing opportunities, both digitally and in person. Simply by trying out a product in your own time and offering your thoughts on it, you can earn some decent payments.

Side Hustle 10: Secret Shopping

Once in-person shopping returns to a normal activity level (after the pause of 2020), secret shopping will be an option that some will actually have fun with. This is basically a practice by which a company will pay people to browse through its stores and report on the quality of the service.

Side Hustle 11: Altering Clothing

This is another option in the craft and artistry department. But for moms who are skilled with alterations, there is always the option of setting up a part-time local business.

Side Hustle 12: Tutoring

Tutoring is an excellent part-time option that can sometimes involve fairly appealing rates. Sometimes online but particularly in person, a skilled tutor can reasonably ask for $50 an hour or more.

Side Hustle 13: Assisting With Test Prep

This is very similar to tutoring. But for those moms who want more guaranteed business, test prep is a sort of tutoring niche that makes for a great side hustle. There will always be kids seeking help with standardized testing, and helping them with the process is both rewarding and profitable.

Side Hustle 14: Teaching Private Lessons

It’s a broad category, but teaching a skill — be it in music, sports, art, etc. — is also an excellent side hustle. Here, as with tutoring, $50 or more per hour is a reasonable ask, meaning the extra funds can really add up.

Side Hustle 15: Teaching Online Courses

In a similar vein to tutoring and teaching private lessons, moms with expertise in certain subjects also have the option of setting up full online courses. This can take a fair amount of work, as it involves conveying expertise and doing the marketing work that will attract paying students or subscribers. But the real appeal is that a well-made online course can be used repeatedly to generate more profits from new students.

Side Hustle 16: Personal Training

For moms with experience in fitness, personal training is also an excellent option. Particularly if there’s an opportunity to take on a few client at one time, side income from an activity like this can quickly add up.

Side Hustle 17: Coaching or Refereeing

Moms who enjoy sports can also have a little bit of fun with a local side hustle participating in youth sports. At parks and community centers and the like, there is often a need for children’s team coaches or referees. These can sound more like demanding jobs, but the truth is they usually involve just a few hours’ work each week.

Side Hustle 18: Web Design

Web design is always in demand, and a mom with particular skill (and a track record or examples to prove it) can command very competitive rates in this department. Whether through a personal website advertising services or through freelance platforms, regular, high-paying side work can be generated.

Side Hustle 19: Accounting

Accounting can be a little trickier than some of these options in that you’ll typically need qualifications to get good, paying work. At the same time though, a working mother today has the option of pursuing an online accounting degree today, and acquiring those qualifications cheaply and affordably. This can lead to substantial income through remote, freelance accounting work for companies in need.

Side Hustle 20: Tax Advising

As with accounting, tax advice is something people tend to look to the experts for. However, if you can prove understanding and capability — and offer more competitive rates than professional CPAs — it is possible to generate good business. Plus, a mother who does good work advising others on taxes can quickly accumulate referrals and good reviews that in turn lead to more business.

Side Hustle 21: Social Media Management

Businesses today need to maintain social media activity to remain competitive, and a lot of them are looking for help doing it. Finding even one company that will pay to have its accounts maintained can make for a very profitable side hustle

Side Hustle 22: Babysitting

This idea more or less speak for itself. But for mothers who may have a few hours to spare in a given week, it’s still a great side hustle option.

Side Hustle 23: Pet Sitting

Even more manageable than babysitting is pet-sitting! Particularly for moms who may work at home, taking on a pet or two to help out a neighbor or friend can result in what is almost passive income. A few walks and feedings are easy enough in exchange for a nice chunk of change

Side Hustle 24: Driving An Uber (or Lyft)

Driving for ride-sharing services has become a very popular side hustle. Not all moms will have the time or flexibility for something like this, but those with older kids may be able to work in a bit of of driving in early evenings or on the weekends. The money isn’t lucrative, but it does add up.

Side Hustle 25: Driving for Delivery Services

It’s difficult to say whether or not delivery services will remain as popular once the pandemic is behind us (this article being written in early 2021). But for the time being, driving for grocery and product deliveries (through services like Postmates, DoorDash, etc.) is a nice, easy way to earn some extra cash.

Side Hustle 26: Cleaning Homes

For those moms who don’t mind the work (or even enjoy tidying things up), cleaning others’ homes is always an option too. It’s not at all unreasonable to charge $100 or more for a few hours of cleaning, such that even doing this a few times a month can add up to a nice bit of side income.

Side Hustle 27: Doing Yard Work or Gardening

For moms who love to be outside, or enjoy working on gardening and landscaping, this is one side hustle that can be the best of both worlds! Lots of people will pay handsomely to have their yard and gardens spruced up, particularly for those moms who will offer more competitive rates than larger landscaping services.

Side Hustle 28: Becoming a Virtual Assistant

This is a relatively new concept in the side hustle world, but one that can provide quite a lot of reasonably well-paid work. Ultimately, tasks for virtual assistants can range from managing appointments, to doing remote reception duty, to arranging travel, and more. But the general idea is to become an all-purpose virtual go-to for a given company’s need during defined hours.

Side Hustle 29: Work as a Doula

The work of a doula can seem like professional medical care at times, but the truth is you do not actually need certification or a degree to perform this role. It might be reassuring to clients of course, but it is possible for a mom seeking a side hustle to step right into doula work. It won’t be the most regular work, but it’s rewarding and profitable, and can of course be done alongside other side hustles.

Side Hustle 30: Renting Out Your Car

Just as Airbnb has enabled people to rent out their homes, there are now services that temporarily rent out cars as well. For any mom with the flexibility to manage this, it can be an excellent opportunity for passive side income.

Side Hustle 31: Brewing Coffee

This is an idea for which it’s important to be careful about weighing costs versus profits. But the opportunity to brew one’s own coffee can be quite a lot of fun, and can even result in something of a home business. Sourcing beans, working out a specific recipe or gimmick, and marketing fresh-brewed coffee locally is side hustle some moms will enjoy exploring.

Side Hustle 32: Life Coaching

Life coaching may be somewhat vague, but it’s also a fairly in-demand service. For those moms who feel they can inspire or motivate, or who have personal stories of overcoming obstacles in life, it’s certainly another option to explore.

Side Hustle 33: Writing Books

Writing a book takes a lot of work, and can certainly become a full-time job. However, thanks largely to self-publishing options and online sales avenues, a lot of people find that they can generate relatively modest profits on simpler projects. That might mean writing a personal guidebook regarding a given experience or skill; it might mean penning an original children’s book. Whatever the case, if it goes well it can result in at least a few thousand dollars to put toward a college fund.

Side Hustle 34: Illustrating Books

Similarly, some moms with a talent for drawing or graphic design may also find work illustrating books. A lot of authors ultimately wind up seeking illustration help, either for covers or for pictures within books, and some of hem (or in some cases their agents) will pay well for the help.

Side Hustle 35: Starting a Podcast

Podcasts aren’t easy to make a lot of money on, but they can generate some profits through subscriptions, patronage or even ads. So moms with good ideas in this department may as well give it a shot!

 For an easy and effective way to start podcasting, you could create an online radio station like Radio Cult to provide all the necessary tech and guidance to get your station up and running smoothly, making it the best solution or anyone looking to enter the world of radio broadcasting.

Side Hustle 36: Starting a Food Truck

This is a little bit more of a side business than a side hustle. And as with brewing coffee, it’s an idea with which it’s important to measure costs versus revenue to ensure profitability. For a mom with a talent in a certain area of cuisine though, starting a food truck can produce meaningful side income.

Side Hustle 37: Performing in Public

Working as a performer — be it through music or something similar — is also a good way to bring in some cash now and then. On a busy city sidewalk or in a town public square, a talented performer can sometimes gather anywhere from $20 to $50 in an hour of work!

Choose the Right Side Hustle

So there you have some interesting ideas! Choosing the right side hustle for you will of course depend on your own talents, abilities and circumstances. But hopefully the breadth of suggestions above inspire you to give it some thought. You can choose from all kinds of side hustles for moms that can help with college costs. Some of them are even enjoyable or rewarding as well!

How to Apply for a Parent PLUS Loan: What Parents Need to Know

How to Apply for a Parent PLUS Loan: What Parents Need to Know

In many cases, there’s a gap between the cost of a college and what financial aid offers. Bummer, huh?   

Direct PLUS loans are a type of federal student loan available to parents of dependent undergraduate students and independent graduate students to help pay for college-related expenses. They can bridge the gap between what your child earns in scholarships and other aid and the amount they owe. 

Direct PLUS loans and Parent PLUS loans are the same thing, which may seem confusing. However, Parent PLUS loans are only available to undergraduate students. Parents cannot take out loans for graduate students.

Let’s walk through how to apply for a Parent PLUS loan. 

Who Applies for Parent PLUS Loans?

Either parent may apply for a Parent PLUS loan, and so can an adoptive parent or stepparent. Your child must be enrolled at least half-time in an eligible program, and you and your child must be U.S. citizens or eligible non-citizens.

Understanding Parent PLUS Loans

Parent PLUS loans cover up to the cost of attendance, minus other financial aid the student receives, and you must undergo a credit check. If you have an adverse credit history, it may hamper your potential to get a Parent PLUS loan.

Parent PLUS loans are non-need based loans for parents of undergraduate students — grandparents cannot apply. (Sorry, Nonnie and Papa!) They’re also for graduate students, but we’ll focus on undergraduate students in this case.

You can borrow up to the cost of attendance at the school your child attends, minus other financial assistance your child receives. Note that you’ll get your credit checked to see if you’re creditworthy — in other words, will you repay the loan if you borrow the money?

The interest rate (the rate at which you will repay the loan) is 9.08%, which is a fixed interest rate for the life of loans disbursed on or after July 1, 2024 and before July 1, 2025. You’ll also pay a loan fee on all Parent PLUS loans, which is a percentage of the loan amount. You can tap into several repayment options.

How to Apply for a Parent PLUS Loan

Let’s walk through the steps of how to apply for a Direct Parent PLUS loan. Before you choose to move ahead with a Parent PLUS loan, note that you must repay it. 

In addition, review your credit history and determine how much you need to borrow to ensure you’re moving forward with the right option for you and your child. Then, take the following steps:

First, If you have placed a security freeze on your credit file, you must lift or remove the freeze at the credit bureaus, because your application will not go through.

Step 1: Create an FSA ID. 

So, how to apply for a FAFSA Parent PLUS loan? First, create an FSA ID and password to complete the Free Application for Federal Student Aid (FAFSA)

Step 2: Complete the Direct PLUS application.

Next, use your own FSA ID to complete the Direct PLUS loan application, which takes about 20 minutes. You’ll need your permanent/mailing address (if different from permanent address), telephone number, email address, alien registration number (if you are an eligible non-citizen), along with the name, address and phone number of two personal references. Keep your student’s full name, SSN and date of birth and your employer name and address handy as well.

Step 3: Complete the Master Promissory Note (MPN).

If you’re approved, you’ll be presented with a Master Promissory Note that you must complete to receive your funds, which explains all of the terms and conditions of Direct PLUS Loans. It’s your legally binding agreement to repay all Direct PLUS Loans you receive under the Direct PLUS Loan MPN.

Step 4: Disbursement occurs. 

Finally, the funds get sent to your child’s school. Your child’s school will disburse the loan money by crediting it to your school account. If there is money left over, the school will pay it to you by check, or with your permission, disburse the leftover money to your child.

Step 5: Apply for Parent PLUS loans every year.

You can apply for a Parent PLUS loan during more than one of your child’s undergraduate years, but you must complete a Direct PLUS Application for each year you wish to receive a parent PLUS loan.

What Happens if You Get Denied for a Parent PLUS Loan?

It’s happened before: crushing disappointment as you realize you’ve been denied a Parent PLUS loan for your child’s education. However, there are things you can do. 

Consider obtaining an endorser (co-signer) or appealing the credit decision. You may also want to consider other alternatives, though those options may also require you to undergo a credit check.

Alternatives to Parent PLUS Loans

If you’re not sure that Parent PLUS loans are right for you (because as the parent, you’ll have to repay them), you may want to consider the following alternatives:

  • Private student loans: Private student loans are loans offered by private lenders, such as banks, credit unions, or online lenders, to help cover educational expenses. Unlike federal loans, private student loans often require a credit check and may have variable interest rates and less flexible repayment options. Learn more: Private vs. Federal Student Loans for College
  • Scholarships: Scholarships are everyone’s favorite! They are financial awards given to students based on academic, athletic, artistic, or other achievements, or financial need. Scholarships do not need to be repaid and are often provided by schools, private organizations, or government programs.
  • Grants: Grants are financial aid provided to students, usually based on financial need, to help cover educational expenses. Like scholarships, grants do not need to be repaid and are often funded by federal or state governments, colleges, or private organizations.
  • Federal student loans: While Parent PLUS loans are federal student loans, the U.S. Department of Education offers other types of loans to help students pay for college or career school, including Direct Subsidized loans and Direct Unsubsidized loans. They typically have fixed interest rates, flexible repayment options, and borrower protections such as income-driven repayment plans and loan forgiveness programs. 

Consider All the Implications Before Applying for a Parent PLUS Loan

Now that you know how to apply for a federal Direct Parent PLUS loan, should you? Learn more about how to get rid of student loans.

As the parent borrower, you’re legally responsible for repaying Parent PLUS loans, so consider your financial situation and decide whether they make sense for your situation. If you’re worried about jeopardizing your financial future, don’t borrow this type of loan. 

It’s important to recognize that this loan carries higher interest rates, no grace period, and fewer repayment options. Your loan servicer will contact you and provide regular updates on the status of your loan, and you can choose between several repayment plans, including Standard, Graduated and Extended.  

FAQs

What are the requirements for a Parent PLUS loan?

You must be the biological, adoptive or stepparent of a dependent undergraduate student. You must also be a U.S. citizen, permanent resident or other eligible non-citizen. You must not have an adverse credit history and your child must meet the general eligibility requirements for federal student aid. 

Is it hard to get approved for a Parent PLUS loan?

No, it’s not difficult to get approved, particularly if you don’t have an adverse credit history. However, do your research to ensure that the Parent PLUS loan fits your needs best. Parent PLUS loans have a relatively high interest rate compared to other types of loans.

How long does it take for a Parent PLUS loan to be approved?

The time that it takes to process a loan is contingent upon you meeting/completing all loan eligibility criteria, including the application, Master Promissory Note, credit check and U.S. citizenship status or an eligible non-citizenship status as defined by the FAFSA. 

Demystifying Subsidized Loans: What Parents Need to Know

Demystifying Subsidized Loans: What Parents Need to Know

Financing a college education can feel overwhelming, especially when sorting through different loan options. Among federal student loans, Federal Direct Subsidized Loans offer key advantages. What is a subsidized loan?

These loans help reduce financial strain by covering interest costs under specific conditions, making them a top choice for students who qualify.

For parents, navigating the complexities of student loans is crucial. You might have dozens of questions: How do subsidized loans work? Who qualifies? What are their limitations? 

We’ll help. This guide breaks down everything you need to know to make informed decisions.

What Are Subsidized Loans?

Subsidized loans are federal student loans for undergrads who need financial help. Here’s the key difference from unsubsidized loans: Interest doesn’t build up right away. With subsidized loans, you don’t owe interest while you’re:

  • Enrolled at least half-time
  • In the six-month grace period after leaving school
  • In an approved deferment period 

These loans are part of the William D. Ford Federal Direct Loan Program managed by the U.S. Department of Education. With subsidized loans, the government pays the interest at certain times. This means the total cost of the loan is less. Subsidized loans are a great choice for families who want to lower student debt and avoid extra interest.

Who Qualifies for Subsidized Loans?

Not every student can get a subsidized loan. They’re made for students from lower-income families. This is a loan based on financial need, not just how much you can borrow. The government pays the interest while you’re in school and during deferment. This helps families who have financial need who might not be able to afford college without help. It lessens their financial stress.

Eligibility Requirements

Here are the eligibility requirements:

  • Must be an undergraduate student; graduate and professional students do not qualify
  • Must be enrolled at least half-time in an eligible degree or certificate program
  • Must demonstrate financial need, as determined by the Free Application for Federal Student Aid (FAFSA)
  • Must be a U.S. citizen or eligible non-citizen with a valid Social Security number
  • Cannot have defaulted on other federal student loans

Since eligibility depends on financial need, students from higher-income households typically don’t qualify. The FAFSA evaluates income, family size, and other factors to determine need-based aid. If a student’s expected family contribution (EFC) is too high, they may only be eligible for unsubsidized loans instead.

How Much Can Students Borrow?

The most you can borrow with subsidized loans goes up each year you’re in college:

  • First-year undergraduate: $3,500
  • Second-year undergraduate: $4,500
  • Third-year and beyond: $5,500

Aggregate Loan Limits

The total amount a student can borrow across all undergraduate years is $23,000.

If a student needs more funding beyond these limits, they must explore other options like unsubsidized federal loans, private student loans, scholarships (including merit-based scholarships) or grants.

Benefits of Subsidized Loans for Students and Parents

Subsidized loans provide major advantages over other borrowing options. Knowing these benefits helps parents guide their children toward smarter financial decisions.

  • No interest while in school: Subsidized loans don’t accrue interest while the student is enrolled at least half-time. This keeps borrowing costs lower and prevents loan balances from growing before repayment starts. 
  • Interest-free grace period: After graduation, students get a six-month grace period before repayment begins. No interest builds up during this time, giving graduates a chance to find a job without financial pressure. 
  • Lower total debt: Since interest doesn’t accumulate during school or deferment, borrowers pay less overall compared to those with unsubsidized or private loans. Lower interest means faster debt repayment and less money spent over time.
  • Flexible repayment plans: Subsidized loans qualify for income-driven repayment plans, which adjust monthly payments based on earnings. This makes repayment easier, especially for graduates starting with lower salaries.
  • Deferment without interest accrual: Students who go to graduate school or face financial hardship can defer payments without interest adding up. Unsubsidized loans don’t offer this benefit—interest continues to grow even during deferment.

Learn more: Federal vs. Private Loans for College

Limitations of Subsidized Loans

Subsidized loans reduce interest costs, but they have limitations that students and parents must consider. Borrowing limits, strict eligibility rules, and loan fees can make them insufficient to cover full college costs. Many families need additional funding options to fill the gap.

For many students, relying solely on subsidized loans may not be enough. Families often need to explore other funding options, such as unsubsidized loans, scholarships, or work-study programs, to fill the gap.

  • Strict borrowing limits: The government sets borrowing limits that may not be enough to cover the full cost of attendance, particularly at private universities or out-of-state schools. Loan amounts range from $3,500 to $5,500 per year, with a lifetime cap of $23,000 for undergraduate students. 

Many colleges, especially those with higher tuition, mandatory fees and housing costs, exceed these limits. As a result, students and families often need to explore additional funding options, such as:

  • Unsubsidized federal loans (which accrue interest from day one)
  • Private student loans (which often have higher interest rates and stricter repayment terms)
  • Scholarships and grants (which require extensive research and applications)
  • Work-study programs or part-time jobs (which may not provide enough income to bridge the gap)

Because subsidized loans alone rarely cover the full cost of attendance, families must create a comprehensive funding plan early in the college search process.

Limited Eligibility

Subsidized loans are need-based, which means students from middle- or high-income families often don’t qualify. Eligibility is determined through the Free Application for Federal Student Aid (FAFSA). This application calculates the Expected Family Contribution (EFC) based on income, assets, and household size.

Even if a student qualifies in their first year, they must reapply every year. A change in financial circumstances—such as higher income, an inheritance, or fewer dependents—can cause them to lose eligibility in later years.

Independent students, who aren’t financially dependent on their parents, may also find it harder to qualify. Their own income and assets are taken into account, which can affect eligibility.

No Availability for Graduate Students

One of the biggest limitations of subsidized loans is that they are exclusively available to undergraduate students. Those pursuing master’s, doctoral, or professional degrees cannot access this interest-free benefit.

Graduate students must explore other federal loan options, such as:

  • Grad PLUS Loans, which allow borrowing up to the full cost of attendance but require a credit check and accrue interest immediately.
  • Unsubsidized Direct Loans, which have higher borrowing limits but still accumulate interest while in school.
  • Fellowships, assistantships, and grants, which may provide funding without requiring repayment.

Since graduate school tuition is often significantly higher than undergraduate costs, losing access to subsidized loans can increase borrowing costs and long-term debt burdens.

How to Apply for a Subsidized Loan

Parents and students must follow these steps to secure subsidized loans:

  1. Complete the FAFSA: The Free Application for Federal Student Aid determines eligibility for all federal aid, including subsidized loans.
  2. Review the Student Aid Report (SAR): This document outlines the student’s Expected Family Contribution (EFC) and aid eligibility.
  3. Accept Aid Through the School’s Financial Aid Office: If eligible, the student must formally accept the subsidized loan through their school.
  4. Complete Entrance Counseling: First-time borrowers must complete an online loan counseling session.
  5. Sign a Master Promissory Note (MPN): This legally binding document outlines loan terms and repayment obligations.

Repayment Strategies for Parents and Students

So, how to get rid of student loans? Planning for repayment ensures financial stability after graduation. While subsidized loans offer interest-free benefits during school and deferment periods, understanding how to manage payments efficiently can prevent unnecessary financial strain. Here are several strategies to reduce debt and stay on track.

Make Interest Payments Early

Although subsidized loans don’t accrue interest while the student is in school, making early principal payments can reduce the total amount owed. Even small, consistent contributions—like $25 or $50 per month—can significantly lower debt after graduation.

Parents can encourage their child to start making payments early, even if it’s just a small amount. This not only helps reduce overall loan costs but also builds financial responsibility. Many loan servicers offer automatic payment options, making it easier to stay on track.

Once the six-month grace period ends, interest begins accumulating. If possible, making early payments before repayment officially starts can prevent the loan balance from growing, helping students save money in the long run.

Choose the Right Repayment Plan

Federal loans offer several repayment options, allowing borrowers to select a plan that fits their financial situation and future career prospects.

  • Standard Repayment Plan: Fixed monthly payments over 10 years. This plan results in the lowest total interest paid but may have higher monthly payments.
  • Graduated Repayment Plan: Payments start lower and gradually increase every two years. This is ideal for borrowers who expect their income to grow over time.
  • Extended Repayment Plan: Allows repayment over 25 years, lowering monthly payments but increasing total interest costs.
  • Income-Driven Repayment (IDR) Plans: Payments are adjusted based on income and family size, making them more manageable for graduates with lower salaries. These plans include Pay As You Earn (PAYE), Income-Based Repayment (IBR), Revised Pay As You Earn (REPAYE) and Income-Contingent Repayment (ICR).

Choosing the right plan depends on expected income, career stability, and financial goals. If a borrower can afford to stick with the Standard Repayment Plan, they’ll pay off the loan faster with less interest. However, income-driven plans provide flexibility for those in lower-paying fields.

Consider Loan Forgiveness Programs

Federal loan borrowers may qualify for loan forgiveness programs, which can eliminate remaining debt after a set number of qualifying payments. These programs are especially valuable for students pursuing careers in public service, education or nonprofit work. However, note that not everyone gets forgiveness, so it’s best not to completely rely on those.

  • Public Service Loan Forgiveness (PSLF): Forgives federal student loans after 120 qualifying payments for borrowers working in government or nonprofit sectors.
  • Teacher Loan Forgiveness: Provides loan forgiveness for teachers who work in low-income schools for at least five years.

To take full advantage of these programs, borrowers must meet strict eligibility requirements. They also need to ensure payments are made under a qualifying repayment plan. Note that loan services offer automatic payment options to ensure you don’t miss a payment.

Consider Refinancing for Lower Interest Rates

Federal loans have fixed interest rates, but refinancing with a private lender may offer a lower rate. Borrowers with strong credit and stable income can save on interest over time. However, refinancing comes with a major downside—federal protections are lost. Income-driven repayment plans and loan forgiveness programs no longer apply once a loan is refinanced through a private lender.

For parents with Parent PLUS Loans, refinancing can help secure better terms and lower monthly payments. However, before making a decision, it’s important to compare lenders. Lower rates can mean long-term savings, but losing federal benefits may not be worth it. Consider all options before committing to refinancing.

Take Advantage of Auto-Pay Discounts

Many loan servicers offer a 0.25% interest rate reduction for borrowers who enroll in automatic payments. While this may seem small, every bit helps when repaying student loans. Auto-pay ensures payments are made on time, avoiding missed payments and potential late fees.

Smart Borrowing Choices

Subsidized loans provide significant financial relief for families, but they come with limitations. While subsidized loans should be the first choice when borrowing for college, they may not cover all expenses. Parents should explore scholarships, grants and work-study programs to minimize student debt. Making informed choices today ensures a more manageable financial future after graduation.

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