It’s never too early to save for college. Some parents start college funds even before their kids are born. If you have yet to jump on the savings train, it’s not too late to get serious about saving while in high school. The average cost of in-state tuition is around $10,000. Every dollar that you can save now will make a difference in the long run.
Beef Up Those Grades
If there’s any time to hit the books, it’s now. Grades never mattered as much as they do in high school. Colleges will look at these to determine scholarships and admission to their programs. Even though getting good grades takes some effort and dedication, it will help you financially in the long run. Not to mention it will help to make you a better student in college, which may lead to you getting more scholarships in college.
Get Involved
Don’t shy away from putting yourself out there! Sign up for extracurricular activities whether they are academic or athletic. Colleges will like that you have interests outside of the classroom. They may notice that you’re a team player, creative or like to challenge yourself.
Look for a Side Gig
Don’t turn away from a part-time job! Any money you save now can make a difference, especially if you’re able to work all four years. Even if you make $400 a month, that is potentially close to $20,000 you can have by the time you graduate.
Take AP and College Courses Now
Advanced placement classes are incredibly challenging. However, if you’re able to take them and do well on the final exams, you can earn college credit for free! Take advantage of every opportunity you can to get college credit while in high school. Any classes you take while in high school are free. Think about how great it would be if you could cut down your college years by a year or more!
Start Scouting for Scholarships
Another side job you should consider is researching and applying for scholarships. There are scholarships for nearly everything – even being left-handed! Consider spending an hour writing a scholarship essay, and you could end up receiving $1,000. You just made $1,000 an hour.
Start a 529 Plan
Is high school too late to start a 529 savings plan? Absolutely not. There are tax benefits to having one that will still be a helpful fund towards college admission.
To learn more about ways to save or starting a savings plan, contact us at Peoples Bank & Trust.
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