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Textbooks and Tabling and FREE GIVEAWAYS, Oh my!

Today is your lucky day! The Brandeis Office of Student Financial Services (the wonderful team behind Savvy Student) is having it's first ever tabling event TODAY from 11-2 at Brandeis University in lower Usdan! We'll be handing out information fliers about this blog, our Twitter page, and our Facebook page, as well as talking to students about what our office does and providing money-management tips. All students who come by and "like" our Facebook page (we will have a laptop available so you can do it then and there) will be given a raffle ticket and will have a chance to win a gift card to Lizzy's Homemade Ice Cream! We'll also have free cupcakes and cookies, so stop by if you want to chat over a snack! The first 5 students who visit our table will also get an adorable free Brandeis University piggy bank, so make sure you get there early!!

We have also found a neat article to go along with our last post, "Barganing for Books." This USA Today article has a ton of information about the best sites to buy, rent, or sell textbooks. Some of the sites listed include Chegg, Neebo, and Half.com. We hope these sites help you through your text book hunt this Fall! Pease let us know if you have any additional tricks that have helped you save on books!

Happy Saving! And we'll see you later today in lower Usdan!!
~Savvy Student


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Bargaining for Books



Now that you are finally settled in and practically done picking classes, it is time to start thinking about your handy little (or sometimes quite big) friends, better known as text books! For many, this can be an overwhelming burden to your bank account. However, Savvy Student has found alternative options for getting the books and information you need leaving you with cash to spare.


1. Rent!

Renting books and textbooks had become one of the best ways to save money. Not only can you rent your textbooks for half the price, but you also will also forgo the hassle of selling them back at the end of the semester, if you are not interested in keeping them. Renting textbooks is now available through the Brandeis Bookstore, as well as online retailers such as amazon.com and half.com.

2. Purchase E-books

Do you own a laptop, Ipad, Kindle, Nook or eReader? If so,  you may now use these devices to study with. Many companies are now offering their textbooks in an electronic format which tends to be far less expensive than a physical textbook and a lot lighter too. Even better, you may have access  to ebooks on your smart phone!

3. Compare Options and Buy Used

While new books are always an option, the bill can add up very quickly. If you want to guarantee your books are not worn out and highlighted by previous owners, buying brand new books is your best option to guarantee that. If you don’t mind a little wear and tear, buying used books is the optimal way to save money this semester. While it may take some research in order to find the best deal, you can save hundreds of dollars. The first place to look is the Brandeis bookstore, which has a limited supply of used books, but you would not need to worry about waiting for your books to arrive or the shipping costs involved.
If the book is not available used at the bookstore, your next best options are amazon.com or half.com. The benefits to these two online retailers is that they compile a ton of sellers and their listing prices for a particular book, so that you can find the optimal choice for the best price.

4. Buy Books Cheap and make the world a better place

There is one other great resource that sells used and new book and tries to help others at the same time. Better World Books is an online retailer that uses the power of business to change the world. They collect and sell books online to donate books and fund literacy initiatives worldwide. With more than 8 million new and used titles in stock, they are a self-sustaining company that creates social, economic and environmental value for their stakeholders. Want to know more good news? BWB also provides free shipping worldwide! Make sure to check out this great company for your books at http://www.betterworldbooks.com/.

There you have it- now it’s time to hit those books and start off your semester being financially savvy!  Doing your research and finding the best price for books will only pay off in the future when you are looking for some extra cash for the weekend.

Happy Shopping!
-Savvy Student



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Jobs Report

In the midst of an election year, it seems news about the job market and student loan debt is all over the place, which can be a little scary to think about at the start of a new academic year. Although Savvy Student can not change the facts and figures being reported, we can certainly help by offering tips regarding your student loans and providing you with information as it relates to the inevitable job hunt.

In many cases, student loans are unavoidable: many students need loans for undergrad, grad, or both, and by the time one graduates, it seems that the loan total has skyrocketed. However, with federal loans you have until the end of the academic year to return or cancel any unused portion. Instead of borrowing the maximum amount in loans for the semester, only borrow what you think you need and try to differentiate between your needs and wants to come up with a bottom line. Federal student loan interest rates are lower than most credit cards, but interest does accumulate, so borrow only what you need and think about the cost involved over the life of the loan, as it may help deter your spending. Additionally,  for every $1,000 borrowed you should plan on roughly $12 per month for repayment. You should also consider ways to cut back your spending or think of cheaper alternatives. As it is the start of the semester a large percentage of your refund check or expenses go towards the purchase of books, but instead of buying new try comparing the cost of renting your textbook or buying it used online.


Another helpful hint from our office is to read the fine print! Do you remember having to complete "entrance counseling" and sign that pesky "promissory note"? The copious amount of information provided during the online entrance counseling, while annoying to read through, actually contains many important facts that, in some cases, may leave you debt-free after graduation.


As for the job market and internship arena, the numbers may look glum, but that doesn't mean that your Brandeis education won't pay off. Visit the Hiatt Career Center to get help with your resume or to set up mock interviews. Practice makes perfect, so when you do get the call for an interview you will be prepared to make a great first impression and hopefully land the job. Also Forbes published a great article on what mistakes young job seekers are making. Whether you have done this or not please take note and check out the article here. And, finally remember the more applications you submit the more chances you have of getting a call back. It also pays to network as the phrase goes, it is not always what you know, but who you know.


Good luck this semester,

Savvy Student






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Dorm Design on a Dime


Fall has arrived, and college students everywhere are gearing up to head back to campus. For some, the back to school blues may be setting in (especially after they remember that they’ll be eating dining hall food for yet another year), but there is always one thing that can make heading back to college better and that is decorating your new apartment or dorm! Especially for students entering their first year of college setting up your space is a fun and exciting way to make your new space feel like home. It's easy, however, to get carried away and start spending too much on your new room. Savvy Student has some simple tips for making your room cozy and fun without spending a fortune.

1. Put up personal photos instead of posters
Putting up personal photos on your walls rather than buying posters can be a cheaper and more meaningful way of personalizing your room. You can get photos printed from your digital camera (or even your polaroid, if you're still hanging on to it!) on high-quality paper at your local Walmart, Target, CVS, etc. for a few dollars, or you can buy a package of photo paper and print your photos yourself on your own personal printer. You can even get creative with your photos by editing in words, cutting them out into shapes, making a collage, or spelling out words with them. You’ll save a ton and have great memories of your friends surrounding you. As your year goes on and you make more friends and memories, you can even add to your photo collection!

2. Use holiday supplies from home to light up your room
If you or your family members celebrate holidays that involve light strings, streamers, plastic decals, or any other fun decoration, you could recycle them and bring them over to college with you. These items could help you add personality to your room and lights can brighten the space if the lighting provided is insufficient.

3. Try the dollar store for cheap essentials
For decorations that you’ll throw out in the year or even little items that you might want like trash bins, white boards and markers, ice trays, and duct tape or command strips, the dollar store can be a great place to get little items for, well, a dollar! While I can’t say these items will always be durable, for things that come and go anyway (whiteboard markers, regardless of where they are from, dry out soon enough), they will at least come cheap!

4. Utilize Amazon Student
One of the major perks of being a college student can be discounts at unlikely locations. For the online resource Amazon, joining as an Amazon Student gets you a 6-month free trial of Amazon Prime, which gives you free 2-day shipping for Amazon products. Amazon caters well to its huge market of college students, and sometime offers deals like $1 for select posters if you have Amazon Student. Amazon will also send you updates about discounts and special events on their site. Keep in mind that Amazon Student won’t just be helpful for buying fun decorations—you can save a ton of money on textbooks and shipping once classes begin!

5. Look into thrift stores or used book stores
Sometimes you can get the best deal buying something that has been gently used but still looks like new. At a thrift store or a used book store, you can find a ton of fun little trinkets to decorate your room. These items are things you may or may not be able to find in a larger craft store or something like Target, which allows you decorate your dorm with something unique. At a used bookstore, you can buy nice editions of great books at incredibly low prices. You can even find books you need for class! The low price can also give you wiggle room to explore new authors and genres and to buy books that you may not normally buy. Books are a great way to unwind, and a great title from a used book store can help you relax after a hectic day at school.

6. Bring your own blankets/sheets
Most colleges tell you that their mattresses are Twin extra-longs and recommend that you purchase sheets and blankets of that size. While XL sheets may be the best fit for your new bed, they actually are not completely necessary. Regular twin size sheets may be stretched over the bed and, though they may need a bit more adjusting, can work just fine. Instead of buying new sheets for your Twin XL mattress, just bringing some of your regular twin sheet will be completely fine and will save you some money! As for blankets, you don't need to bother with buying a new set of bedding. You won't be able to tell the difference in the bed's length by bringing your own sheets from home, and you'll probably be more comfortable in your own blankets!

7. Utilize Start-of-the-Semester Sales on campus
Many schools have sales early in the semester of items left behind by past students. While some of the items may be useless- dry play-dough, a single earring, ripped books-- others may be very helpful. Students often leave behind large items that they can easily replace, like small fans or floor-length mirrors, which can be very useful for your new room. Similarly, students leave behind back-to-school items that they didn't use during the school year, such as notebooks, pens, note-cards, and even old textbooks. Some schools also have means for students to continue purchasing materials that other students have found they don't need throughout the year. Brandeis University, for example, has a "Room of Requirement" in it's East residence quad where students can drop off and pick up items all year long. While it may not be as magical as the one in Hogwarts, the "Room of Requirement" is a great place to grab things that other students have left behind and drop off some things you don't need. Ask around and see if older students know if your school has one, too!

8. Set a budget-- and stick to it!
As we said, it is easy to get carried away when decorating, so the most important tip that Savvy Student has for you is to set a budget early on for how much you want to and are able to spend on decorating and furniture, etc. Find a budget you can stick to and always check yourself when you find that you are buying useless trinkets.

Styling your place can be a lot of fun, and can be even more fun when you find great items at great prices. 
Savvy Student hope these tips can help you create an amazing room on a budget. Remember, it is especially important to save on your dorm expenses because you are going to need cash for the upcoming year! As always, Savvy Student would love to hear your thoughts on these dorm decorating ideas, and even your own dorm decorating tips!

Happy Decorating!
~Savvy Student
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Conquering the Off Campus Housing Quest

As the start of the semester approaches, many students are still searching for a place to live this Fall. If DCL has no available housing for you and you're not able to room in the same suite as your best friend, it might seem a as though you will be living in a cardboard box outside of 567 instead.  However, you can rest assured that Savvy Student will keep you warm and dry this semester, as we have compiled a few tips to get you on track and help you find the perfect apartment. 

1.  Figure out your budget.
        When looking for a place, it is best to find out how much you are capable of paying each month.   Rent may or may not include utitilies, so make sure that you know what is being covered under the cost of rent.   You may be able to afford the $500 a month, but when it comes to an extra $100 a month in utilities--you may have to reconsider.


2. Figure out your desired location
        Do you want to live near campus or in the city? If you live in the city, will transportation be an issue?  When considering which neighborhood you would like to live in, think about the residents, the neighboring stores and markets, and the type of neighborbood.  Is it safe? Is it full of college students or  working adults and families?  You will need to make sure that you live somewhere that accomodates your needs and lifestyle.


3.  Figure out your roommate preference
          Do you want to live alone and rent a one bedroom apartment, or live in a house with 2, 3 or 4 other people.  Do you want to live with friends or "strangers"?  Remember that it may be much cheaper to live with multiple people than on your own. When deciding to room with friends, rememeber that sometimes even the best of friends  may make the worst roommates.  


4.   Check out FullDorm.com
          You can find a list of classifieds including off campus housing, roommate requests and even FREE decor for your new place.  This website was created by college students for college students. You can log in with your Brandeis Unet information and respond to posts or write your own. 


5.  Plan for the first payment
         A landlord can require first month's rent, last month's rent, and a security deposit (not more than one month's rent). This means if your portion of rent is $500, you may need to come up with $1500. If you go through a real estate agent you may have to pay a fee equal to half of one month's rent.   If you are relying on your refund from Brandeis, it may not be available by the first of the month so PLAN ACCORDINGLY.   The office is not capable of processing refund requests until 10 days prior to the start of school, which this year is August 20th.  It takes up to 7 business days for the checks to be ready.  So there is a possiblity that you will not receive your refund by September 1st.


6.  Check out the Department of Community Living's Helpful Tips
              You can  find out more information here on their website.

Good Luck Hunting,
  Savvy Student
                          
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Free is the New Black! Tax Free Weekend is Summer's Black Friday

Massachusetts residents’ favorite shopping weekend has arrived! For some stores, tax free weekend often attracts more customers (and leads to more sales) than Black Friday, the nation’s biggest shopping weekend of the year. In fact, the Massachusetts Department of Revenue expects the state to lose $20 million in revenue from the tax holiday, meaning that around $320 million worth of purchases (that would normally be taxed) will be made this weekend. Some cynics will point out that Massachusetts residents would only need to drive about an hour north to New Hampshire to celebrate tax free weekend every day, but what would be the fun of that? Here are Savvy Student’s tips for making the best of your Tax Free holiday.


1. Know the rules!

Many consumers go into tax-free weekend not really knowing what they are eligible to buy, and end up missing out on deals! Others get overzealous, and are disappointed when they discover that their purchases do not count as tax free. Here are some basic rules for tax free weekend-

1. Tax free items must be under $2,500. The one bit of wiggle is that, if you have a coupon, items with a full price over $2,500 that are brought to under $2,500 are still tax free.

2. Cars, motorcycles, motorboats, restaurant meals, cellphone plans, and tobacco products are still taxed.

3. Items you buy online are still taxed.

4. “Tangible, personal rentals” like a couch are tax free, as are items that you purchase on a rain check.
You can see the full list of rules on the Department of Revenue’s website.


2. Do your research!

For some shoppers, tax free weekend research begins long before the holiday arrives. Thinking ahead can help you finds some fantastic deals because some stores offer discounts above and beyond the tax free deal. You can often find these sales at stores which sell products that are popular on tax free weekend, such as electronics or furniture. You can find out if a store had additional deals by looking on its website or seeing if anything is mentioned in the store’s weekly flier.

3. Shop local!

By shopping at local stores, you may often get the best deals on tax free weekend, as well as the long-term customer services that a small local store can give you. Local stores spend weeks or months before the holiday gearing up for the big day, because they know that it is when their biggest sales will happen. Especially for stores that have suffered dips in sales over the last few years, tax free weekend is a redeeming chance. In the town of Shrewsbury, where several local stores have closed over the past year, those that remain are working to make tax-free weekend a time to make great sales, forge relationships with new customers, and strengthen relationships with old ones.

We hope that these tips will help you find great deals all tax-free weekend long! Happy Saving!

~Savvy Student

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Don't Let Student Loan Debt Get You Down!

It's no secret that the price of a college education is on the rise, and with it, the number of loans students are taking out to afford their bills. While those loans can provide great financial assistance to students while they are in school, loans (and their interest rates) can become a huge burden after graduation. In July, the Department of  Education released a report which states new estimates for total outstanding student loan debt: more than $1 trillion in 2011, composed of $864 billion in federal government loan debt and $150 billion in private student loan debt. Furthermore, 8.1 billion in private student loan is in default, suggesting that 1 in 20 students will default on their private loans.

In the long term, this debt could force students who borrowed a great deal to delay buying a house, starting a family, or accessing the money to start a small business. Federal laws also make it difficult for students with student loan debt to file for bancrupcy, though some groups are urging Congress to re-visit those laws to help adults still struggling with student loans to get a break. Studies are also finding that the recovery of the housing market is being hampered by exhorbitant student loan debt, as many who would be purchasing new homes are now financially unable to. This shows that student loan debt is harmful not only to students, but to the US economy as a whole.

The best case scenario, of course, is to get yourself out of the mess that is student loan debt as quickly and efficiently as possible. The importance of higher education is hard to dispute, but earning your degree feels even better when you have the tools to pay back the debt you owe for it.

RealSimple Magazine offers some smart and creative strategies to tackle your student loan debt and take back control over your fiances. You can check out the full article here.

Whether you are 1 or 20 years out of college, we hope these tips will help you live a financial future free of student loan debt!

~Savvy Student

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