Coping with college during Covid-19

Is campus life worth the cost this fall?                                                

Fall and football, touchdowns and tailgating. All come to mind as students head back to college. However, campus life looks a lot different in 2020. With the highly contagious coronavirus changing traditions and causing fears, families can’t help but wonder, “Is campus life worth the cost this fall?”

Any student can tell you that college is so much more than classes. Online learning may be as effective    as traditional courses, but what about other aspects of college?  Fall sports, mixers for new students, fraternity and sorority rush parties, stopping in the student union to socialize between classes over  coffee or a coke, or meeting the love of your life in the library – all are less likely to happen this fall.

Despite those disappointments, students with great financial aid packages could regret giving up their plans under any circumstances, so many of them stay the course. Others are looking for new ways to learn while saving money on the high cost of campus life when the usual amenities are curtailed.

Families find ways to reduce education anxieties during a pandemic

During these unusual times, some students are taking nontraditional routes and saving money, too, by:

Staying at home and going online for their schooling if their colleges offer that option.                                                           

Enrolling in other online schools for credits that will transfer to their universities later.                          

Picking up a few less costly, transferrable credits at community colleges with fewer risks.                               

Another option some students choose: The gap year. Some are dropping out of college entirely for the 2020-21 school year. Instead, they pursue other, worthwhile experiences, such as traveling, or doing paid or volunteer work that advances their careers. To be safe from the virus, some gap-year students also:

Earn money for next year’s tuition with virus-safe jobs like dog walking or doing yard work.                               

Work in small offices, animal shelters, parks and other places where social distancing is possible.                                      

Go on small-group outdoor educational excursions, such as backpacking, or biking trips.                                                   

Start their own online businesses that they can run from home.                                                                                                      

While job openings are not easy to find in a pandemic, gap years give students time to explore career options, brush up on self-marketing strategies and locate employers that will pay for college while they work, giving them a step up on the career ladder – while saving money to invest for their futures.

Manage Your Money . . . financial facts for a brighter future provided by Advancd Asset Management LLC                          

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Ronald Van Surksum, CFP                4555 Wilson Ave SW – Suite 2               Grandville, MI 49418                     

Phone: (616) 531-5220                             Cell: (616) 450-8439                               

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Advanced Asset Management
4555 Wilson Ave SW, Suite 2
Grandville, MI 49418

Phone: (616) 531-5220