Save on college costs

Tuition is bad enough. At least you can keep a lid on the extras.

By Andrea Bartz, Money Magazine

(Money Magazine) -- You've just sent an enormous check to your kid's college - the least he could do is minimize the ongoing burn. Set him on a cost-conscious track, and you might have enough left in the bank to pay the next tuition bill.

Pick plastic in advance

Help your kid choose a credit card before she gets to campus and is hit with tons of offers. Shop student cards that have limits under $1,000, rates under 19% and no fees.

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Best pick: Citi's mtvU (citi.com), which rewards timely payments and good grades.

Secured cards, which allow users to borrow up to the amount of a deposit, are also an option, says Curtis Arnold of CardRatings.com; these build in a safety net should your child fall behind.

Dine on a dime

Universities usually start students with a default meal plan, often costing $1,600-plus per semester. But most kids don't eat 21 square meals a week from the cafeteria.

Brown University students use only 80% of what they've paid for, confirms the school's director of dining services. Ask about flexible options, like a mix of meals and "dining dollars." And identify the window for switching plans.

Check out online checking

The on- or near-campus bank is only worth the convenience if you can get an account sans service fees and minimum balances, says Greg McBride of Bankrate.com.

If not, an online-only bank might be better; ING Direct (ingdirect.com) has no fees or balance requirements and offers free withdrawals at 32,000 ATMs.

Troll for textbooks

Freshmen spend an average of $900 on books. Pare that by having your kid shop online. Campus bookstores can't match the discounts or used-book selection.

The latest Organic Chemistry by L.G. Wade lists for $175, but aggregator Campusbooks.com found a new copy for $57 on TextbooksRus.com.  Top of page

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Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer. Morningstar: © 2018 Morningstar, Inc. All Rights Reserved. Factset: FactSet Research Systems Inc. 2018. All rights reserved. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2018 and/or its affiliates.