For many people, the knowledge that you gain while in school is more than enough incentive to pursue higher education. For some, however, the little extras that come along with going to college make it that much better. When considering the option of college, think about the other financial advantages that you will have.
Health Insurance
There are a few different options with health insurance. One of the most beneficial to students is the ability to stay on a parent’s health insurance plan for a longer period of time. This can save a lot of money in the long run. Keep in mind the restrictions to this; for example, if you are married, you will not qualify.
Car Insurance
Many auto insurance companies offer discounts for students. You can find the discounts available by calling your insurance provider or checking out websites like 21st.com. Sometimes, you may be able to get larger discounts if you have good grades.
Cell Phone Plans
Have you looked at the price of cell phone plans recently? It can get a little overwhelming. Luckily, if you are a student, many cell phone providers are willing to give you a break. Talk to your cell phone provider and find out if they offer a discount for students. You’ll never know unless you ask!
Checking and Savings Accounts
Many banks today are offering great deals for students. With a copy of your transcripts or student ID, you may be able to get highly reduced, or even free, bank accounts. Many of these accounts come with both checking and savings options, which is a great benefit for students. Having the ability to start putting money away into a savings account now will greatly benefit you in the future.
Local Businesses
Have you ever seen an advertised student discount at the places you shop, eat, or otherwise frequent? If so, you may already know the best places to find a great financial advantage. Many restaurants and other service-based industries offer a discount with a student ID. This is a great way to save a little money on the things you do regularly.
Tax Benefits
As a student, you may be able to get great tax benefits. Whether you do your taxes yourself, or you have someone do them for you, make sure to look into the options you have as a student. Each year these benefits differ, so don’t forget to check every year.
There are many benefits to being a student. Some of the benefits may seem small in the short run, but when you look at the overall savings that you will come across as a student, you start to see the bigger picture. Carry your student ID, you never know what discounts you may come across.
