Students can develop good financial habits before classes begin

There are many ways for students to reduce the costs of earning a degree.
There are many ways for students to reduce the costs of earning a degree.

According to a 2011 study by the Pew Research Center, adults who earned a college degree believe that they are earning an average of $20,000 more per year due to their education. This is very accurate, as the U.S. Census Bureau reports that in 2010, higher education students earned about $19,550 more annually than high school graduates.

Despite the many benefits of attending college, some individuals are daunted by its cost. However, there are ways for students to develop good financial habits before ever setting foot in a classroom.

For example, Technorati recommends that students create a personal budget before classes start. This should include projections on financial aid and personal expenses. By developing this habit, degree seekers can learn how to better manage their funds.

Additionally, the news source recommends that people research work study options at their colleges. In order to do so, students should check their schools' websites often and speak with department officials about what job opportunities are available and when the application process begins.

When students know what classes they are taking, the summer months may be a good time to research the cost of school supplies. The news source reports that this may be another way people can save money. Many individuals borrow books from friends or can find used textbooks online.