Comments on: college student finance tips

By: Brochures Printing

Brochures Printing — Wed, 25 Mar 2009 22:11:16 +0000

Always remember to do research and learn as much as you can before investing. There are a lot of state schools and universities that offer cheaper education than the private ones.

By: How to Be a Frugal College Student | Frugal Dad

How to Be a Frugal College Student | Frugal Dad — Wed, 10 Dec 2008 10:20:51 +0000

[...] College Student Finance Tips [...]

By: Andy

Andy — Wed, 27 Aug 2008 20:06:50 +0000

I gave it a shot too, but from a different perspective (more of a finance 101). Your perspective seems more from the type of school to choose in terms on financial considerations. An important aspect which is overlooked by many who are chasing the brand name.

By: guinness416

guinness416 — Wed, 27 Aug 2008 10:36:46 +0000

But often the people who own the galleries and organize the shows and events are young-buck type partnerships or groups who met at art/film/similar school. Well the ones I go to anyway.

By: plonkee

plonkee — Wed, 27 Aug 2008 06:18:20 +0000

I think that there are other, better, ways of getting the right contacts, but most people aren't that bright.

I don't know what it's like in the US, but over here most art that you see for sale in galleries is by people who came to art as a career later in life. They may or may not have been to art college, but they had another career first.

By: bripblap

bripblap — Wed, 27 Aug 2008 00:24:56 +0000

Plonkee, to your point and Guinness416's above, I think a gap year tradition would be a FANTASTIC idea and most Americans don't even think about it for a second. I know if I had spent a year interning for a big corporation, or traveling the world, or whatever, I would have known a lot more about what I wanted out of my life/career/school/etc. than I did. I went over to the Dark Side and jumped on board the corporate ship because of the travel opportunities, because I never really realized I could do it on my own – business travel is not a walkabout!

By: bripblap

bripblap — Wed, 27 Aug 2008 00:18:17 +0000

Of course you have to look at the lowest “net cost” of education. A scholarship-subsidized education at a private school would cost less than a non-scholarship-subsidized education at a public university. I suppose the “contacts” factor is tough to quantify. I would love to see a survey of people who were successful in the art world who were college-educated and attributed their success to college vs. people who just kept working at it without college. I suspect all the contacts in the world won't remedy a paucity of talent, but I could be wrong!

By: bripblap

bripblap — Wed, 27 Aug 2008 00:14:34 +0000

Bill – great point. I tend to gloss over community colleges because of my own personal experience, but I do know several people who had great success (more than 4-year college grads) going to a community college first. Community colleges get very little promotion in the US, and that's a shame – for many of the people trying to “find themselves” a community college would be a good (and less expensive!) option.

By: Econ-Math-Chinese

Econ-Math-Chinese — Tue, 26 Aug 2008 20:58:30 +0000

Generally speaking, some private liberal arts colleges can be extremely generous with their financial aid, especially to students that do not come from Middle Class backgrounds. When I graduate school, for example, I will be less than $10,000 dollars in debt. If I had attended my state school, I would be ~$40,000 in debt. Through anecdotal evidence, this pattern seems to be repeated among my peers.

There is also the matter of art school. Many “prestigious” art or fashion design schools are not well known for their education (although it is generally is excellent) but for the post-graduate contacts they provide. In the art world, contacts are everything so a higher initial cost may payout in the long–run. If not, it will at least tend to indifference.

By: Kelly Webster

Kelly Webster — Tue, 26 Aug 2008 17:03:24 +0000

Great point Bill. This is a much overlooked strategy and one that works well for the people who choose it. I am a huge proponent of spending as little money as possible on your education and then receiving a BIG return on that investment by picking a major that is in demand. It's not important that you be “fulfilled” in your job. No job will ever fulfill you. Every job comes with it's pluses and minuses no matter what you are doing. It is important, however, that you be able to support your family with the profession that you choose (this is where most of us end up; not all but most of us).

By: guinness416

guinness416 — Tue, 26 Aug 2008 16:55:22 +0000

Yeah, good suggestion Bill, can definitely work in certain situations. That's what my husband did (community college in connecticut + SUNY though, not harvard!) and combined with room and board from his night job at a country club he basically came out of university with a decent profit (he also has a great sob story for the personal statement part of the scholarship applications, which helped). Worked out great – he had a bit of extra time to perfect his english skills and learn how the US education system works, hasn't slowed him down much career-wise, and the circles we run in don't care where you went to school.

By: Uncommonadvice

Uncommonadvice — Tue, 26 Aug 2008 16:44:56 +0000

Without wanting to sound like a Communist feel that all students should be made to attend the nearest University teaching their subject of choice. Thousands saved annually on fuel and phone bills!

By: Bill

Bill — Tue, 26 Aug 2008 15:23:46 +0000

Here's something I haven't seen — attend a community college for the first two years. You automatically save about half. Then, apply to whatever college you want along with scholarships and whatnot. You'll have had two more years to save and figure out what you like (which can still change, of course), but you'll get a great education (smaller class sizes, professors who aren't in the business of writing books, etc.) and you'll still be able to say that you graduated from Harvard (or wherever).

By: plonkee

plonkee — Tue, 26 Aug 2008 15:22:14 +0000

I guess there's the somewhat obvious comment that private college need not be more expensive than public college if you have scholarships. (And even then, the cost of attending UC Berkeley is $27k per year, in-state).

I agree with guinness416. I would make the same choices again without a problem, but at 18, I didn't really understand the ways in which they would at once constrain me and also liberate me.

Finally, I'm always surprised that gap years aren't as common in the States as they are in the UK. It always seems like the perfect opportunity to *find yourself* without spending lots of money.

By: guinness416

guinness416 — Tue, 26 Aug 2008 13:15:00 +0000

My sense is that it's the parents who need the primer, or to figure out how to communicate this stuff to their offspring. Your advice is great – for a mature student but for the most part “college students” means 17 year olds, right? I feel bad for them.

I mean, I was a relatively worldly 17 year old (had travelled widely, worked, had experienced sex/drugs/rock n roll, etc) but had NOT THE REMOTEST OF CLUES what the 9 to 5 world was like, what 31 year old me would want, what real money was, how early decisions would snowball, and so forth. I don't think that's too unusual. Fees weren't an issue for me (taxpayer-paid) but I'm still paying in little ways for the decisions I made back then.