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How many colleges a student applies to is a highly personal decision. One student might just apply to a couple of schools during the early action period; another might wait for the later, regular decision deadline and apply to well over a dozen.

For most students, though, the number of applications they send out (each of which takes time and money) is somewhere between those two extremes. There’s no one ideal number but, as a general guideline, the College Board recommends applying to five to eight colleges, and to include a mix of reach, target, and safety schools.

Read on for a closer look at how to pick the right number — and the right mix — of applications to set yourself up for college success.

How to Decide How Many Colleges You’re Going to Apply to

Like many things in life, there isn’t one simple answer. However, a common rule of thumb is to apply to between five and eight colleges. As you make your list, it can be a good idea to include one to two schools in each of these three categories: safety, target, and reach schools.

•   A reach school is one where acceptance may be a stretch based on your academic profile, but it also shouldn’t be entirely unrealistic.

•   A target school is one where you stand a relatively good chance of admission.

•   A safety school is one that you are fairly confident that you’ll be accepted to.

This way, you can create a balance of dream schools that you’d be thrilled to attend and schools that would be a good fit if some of the other, loftier options don’t work out.

Determining Reach, Target, and Safety Schools

To determine which schools are a reach, target, and safety, you’ll want to compare your grades, GPA, and SAT or ACT scores to the average academic profile of recently admitted students at each school. This should give you an idea of how you line up when compared to students currently enrolled at the school.

Most colleges and universities have admissions profiles where they include information like the average GPA, SAT, and/or ACT scores of current classes. Another option is to take a look at the College Board’s Big
Future , where you can create a profile and compare yourself to the academic profile of the schools you’re interested in attending. This isn’t a guarantee, but it can give you a good idea of what types of schools you can realistically expect to get into.

Recommended: Do Your SAT Scores Really Matter for College?

Is More Better?

If you are extremely passionate about attending a highly selective college, you may have to increase the number of applications you submit. Generally, the more selective a school is, the greater the chance you won’t be accepted. So it could be worth sending out a few extra applications to be sure you get admitted into a school that you are excited about attending.

Is Less Best?

Applying to colleges requires both time and money. While some students may qualify for fee waivers, students can generally expect to pay an application fee for each application. College application fees currently average $48 and, in some cases, run significantly higher. It could be worth setting up an application budget so you have an idea of how many schools you can reasonably afford to apply to.

Each college application will also require your time and attention. Students may not realistically have the time to fill out 20 applications. Another reason some students may consider applying to fewer colleges is if they have specific needs or are interested in a particular major or field of study that is only offered at a few schools.

Planning Your Applications

With that in mind, you’ll want to take some time to review which schools you are actively interested in applying to. Before applying to a school, try to get a good sense of the types of programs offered and what life on campus may be like.

You can take this time to think honestly about what you want out of your college experience and craft a list of schools that could fit the bill. Try to avoid applying to any schools you wouldn’t realistically want to attend or get into. As you compare schools, it can be a good idea to rank your choices. This can help you determine when you may want to apply early decision or early action to a top school.

Early action and early decision are application routes that allow students to get a jump on the usual application season and decision timetable and possibly indicate interest in a specific school as their top choice. If a student applies for early decision, they are committing to attending that school should they be admitted. Early action usually allows students to receive a decision earlier than traditional applications, but admission is not binding.

Note that some schools may only offer either early action or early decision or may not offer either.

The college applications process can be a lot to handle. If you are ever feeling overwhelmed by the scope of it all, consider talking to your guidance counselor or another confidante who has experience with college applications. They can help you navigate the ins and outs of the process and may be able to provide some insightful advice.

Recommended: Ultimate College Application Checklist

Planning for the Future

Part of the college planning process also involves figuring out how you’ll pay for your education. So in addition to your college applications, you’ll want to be sure you fill out the Free Application for Federal Student Aid (FAFSA). This provides access to federal financial aid, including grants, scholarships, work-study, and federal student loans.

There are, however, different sorts of student loans to consider as you determine how to finance your college education.

If you find that savings and federal aid, including federal student loans, aren’t enough to pay for school, you might then explore getting a private student loan. These are available through banks, credit unions, and online lenders. Loan limits vary from lender to lender, but you can often get up to the total cost of attendance (which is more than you can borrow from the federal government). Interest rates vary depending on the lender. Generally, borrowers (or cosigners) who have strong credit qualify for the lowest rates.

Keep in mind, though, that private loans may not offer the borrower protections — like income-based repayment and deferment or forbearance or public service loan forgiveness — that automatically come with federal student loans.

The Takeaway

The college application process will look slightly different for everyone. But a general guidelines to apply to five to eight schools and to include a mix of reach, safety, and target schools. To come with a balanced list, it’s a good idea to compare your academic profile to that of the average accepted student at your desired schools.

As you plan for college, it’s important to also think about financing your education. That may involve a mix of savings, scholarships, grants, and federal and/or private student loans.

If you’ve exhausted all federal student aid options, no-fee private student loans from SoFi can help you pay for school. The online application process is easy, and you can see rates and terms in just minutes. Repayment plans are flexible, so you can find an option that works for your financial plan and budget.

FAQ

Is 20 college applications too many?

While there’s no limit on how many colleges you can apply to, 20 is a high number that can require a lot of time, energy, and cash. Most experts suggest applying to five to eight schools. However, those who are applying to highly selective schools may want to increase that since the admission rates can be very low.

Can applying to too many colleges hurt your chances?

The answer to whether applying to too many colleges can hurt your chances is, “It depends.” If you wind up rushing through the applications since you have so many to complete by the deadline, then yes, it might reduce your admission odds.

Is it a good idea to apply to multiple colleges?

Yes, it’s generally considered a good idea to apply to more than just one or two colleges. The College Board suggests applying to between five and eight schools. By applying to multiple schools, ranging from safety to reach institutions, you may help increase your odds of having options for your college career.

SoFi Loan Products
SoFi loans are originated by SoFi Bank, N.A., NMLS #696891 (Member FDIC). For additional product-specific legal and licensing information, see SoFi.com/legal. Equal Housing Lender.

Terms and conditions apply. SOFI RESERVES THE RIGHT TO MODIFY OR DISCONTINUE PRODUCTS AND BENEFITS AT ANY TIME WITHOUT NOTICE. SoFi Private Student loans are subject to program terms and restrictions, such as completion of a loan application and self-certification form, verification of application information, the student's at least half-time enrollment in a degree program at a SoFi-participating school, and, if applicable, a co-signer. In addition, borrowers must be U.S. citizens or other eligible status, be residing in the U.S., Puerto Rico, U.S. Virgin Islands, or American Samoa, and must meet SoFi’s underwriting requirements, including verification of sufficient income to support your ability to repay. Minimum loan amount is $1,000. See SoFi.com/eligibility for more information. Lowest rates reserved for the most creditworthy borrowers. SoFi reserves the right to modify eligibility criteria at any time. This information is subject to change. This information is current as of 4/22/2025 and is subject to change. SoFi Private Student loans are originated by SoFi Bank, N.A. Member FDIC. NMLS #696891 (www.nmlsconsumeraccess.org).

Financial Tips & Strategies: The tips provided on this website are of a general nature and do not take into account your specific objectives, financial situation, and needs. You should always consider their appropriateness given your own circumstances.

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SOISL-Q325-130

It’s no secret that college can be expensive. What’s not-so-widely known is that there are a number of states that offer eligible residents free tuition for both two- and four-year degree programs.

While many of these programs only cover tuition (not room and board and other expenses), they can be a huge help if you are looking for an affordable way to get a college degree. Read on to learn more about how free college programs work, where to find them, and how to fill in any remaining financing gaps.

What Are Free College Tuition Programs?

Free college tuition programs are typically state-sponsored programs that offer free tuition to eligible students. To qualify, you typically need to be a resident of the state and, in some cases, demonstrate financial need. Some states will also award free tuition to students that come from communities that are underrepresented in college attendance or who are first generation college students.

Free tuition programs are often set up as “last-dollar” programs, meaning they cover the “last dollars” needed to pay for college after all other financial aid, including grants and scholarships, has been applied. The idea is to bridge the gap between actual education costs and what a student has already received in aid.

However, it’s important to point out that many tuition-free programs only cover the cost of tuition. As a result, you may still have other expenses to cover, including fees, supplies, and room and board. In some cases, a free college tuition program will cover school fees or provide stipends for necessary expenses like textbooks.

💡 Quick Tip: You can fund your education with a competitive-rate, no-fees-required private student loan that covers up to 100% of school-certified costs.

States With Free College Tuition

What follows is a roundup of states that offer free or reduced tuition to two-year, four-year, and/or certificate programs.

California Promise Program

The California College Promise Grant waives fees for nearly half of students in the California Community College system , while others only need to pay a $46-per-unit fee. For example, if you’re a California resident enrolling in 12 units, you would pay $552 each semester. Students that live out of state pay more.

Indiana 21st Century Scholars Program

The 21st Century Scholars Program encourages Indiana students in the 7th and 8th grade to stay in school and keep up their grades by promising them money for college if they meet program requirements.

Oklahoma’s Promise

Oklahoma’s Promise pays tuition at public colleges and universities for eligible students. It will also pay a portion of tuition at accredited private colleges and universities. To qualify, students must enroll in the program in 8th, 9th, 10th or 11th grade and their parents’ federal adjusted gross income can’t exceed $60,000 (with one or two dependent children) or $70,000 (with three or four dependent children).

New York Excelsior Scholarship

Through the Excelsior Scholarship, New York students from families earning $125,000 or less can attend a state-operated SUNY or CUNY college tuition-free

Washington College Bound

In the state of Washington, students can apply to participate in the College Bound scholarship program, which gives eligible free students public college tuition, or an equivalent amount for an approved private college or career school. Students must apply for financial aid and attend a participating college in Washington.

Recommended: In-State Tuition: a Look at Establishing Residency

Arkansas Future Grant

The Arkansas Future (ArFuture) grant covers the cost of tuition and fees for certain certificate and associate degree programs at public education institutions in Arkansas.

Delaware SEED Program

The Delaware SEED Program gives scholarships to Delawareans of all ages who would like to pursue an academic degree (including an associate or bachelor’s degree) or a workforce training certificate at Delaware Tech.

Hawai’i Promise Scholarship

The Hawai’i Promise Scholarship provides free in-state tuition to students with financial needs who attend the University of Hawai’i Community College. This program covers direct education costs including tuition, books, supplies, transportation, and school fees.

Kentucky Work Ready Scholarship Program

The Work Ready Kentucky Scholarship Program assists Kentucky residents who want to pursue a certificate or an Associate of Applied Science (AAS) degree by covering the remaining cost of tuition after other financial aid has been applied.

Maryland Community College Promise Scholarship

The Maryland Community College Promise Scholarship offers eligible students who enroll at a Maryland community college up to $5,000 to cover any tuition costs and fees that remain after Federal or State financial aid has been applied.

Missouri A+ Scholarship

Missouri students who maintain a 95% attendance record and provide 50 hours of unpaid tutoring/mentoring may qualify for the Missouri A+ Scholarship. This program covers any gap between financial aid and the tuition and fees for community or technical college.

Montana Promise Act

The Montana Promise Grant is a state program that covers the cost of community, tribal college, or state college for two years. To be eligible, you must be a high school graduate who earned a 2.5 GPA or higher and has lived in Montana for at least a year.

Recommended: What Is the Cost of Attendance in College?

Nevada Promise Scholarship

The Nevada Promise Scholarship helps Nevada high school graduates go to community college virtually tuition-free. The grant covers up to three years of tuition and mandatory fees not covered by other forms of gift aid.

The Oregon Promise Grant

The Oregon Promise Grant is designed to make community college more affordable for recent high school graduates and GED recipients in Oregon. For eligible students, the grant covers remaining tuition amounts after other gift aid has been applied.

Recommended: What Are College Tuition Payment Plans and How Do They Work?

Rhode Island Promise

The Rhode Island Promise program allows recent Rhode Island high school graduates to obtain an associate degree at the Community College of Rhode Island tuition-free.

Tennessee Promise

For eligible students, the Tennessee Promise program covers the cost of tuition and mandatory fees not covered by other gift aid. The money can be used at any of the state’s community colleges, colleges of applied technology, and other institutions that offer an associate degree program.

Finding Ways to Pay for College

Free tuition programs may not be available to all students. In that case, paying for college may require compiling together a few different sources of financing.

Students can fill out the Free Application for Federal Student Aid (FAFSA®) each year to apply for federal aid, including scholarships, grants, federal student loans, and work-study programs. The FAFSA is also used by states to determine eligibility for their own scholarship and grant programs.

If you don’t receive enough financial aid to cover your funding needs, you may want to explore student loans. It’s generally recommended to exhaust federal student loans before turning to private student loans. Federal student loans typically have lower, fixed interest rates and offer more flexible repayment plans, including income-driven repayment. They also offer borrower protections, such as deferment and forbearance.

However, federal student loans don’t fully cover the cost of attendance for many students, and some students may consider tapping into private student loans as well.

Unlike federal student loans, which are issued by the U.S. government, private loans come from private institutions, such as banks, credit unions, and online lenders. While private student loans may cost more than some federal student loans, you can often borrow up to the total cost of attendance (including room and board), which gives you more borrowing power than you can get with the federal government.

💡 Quick Tip: Would-be borrowers will want to understand the different types of student loans that are available: private student loans, federal Direct Subsidized and Unsubsidized loans, Direct PLUS loans, and more.

The Takeaway

Some states offer free tuition programs that provide residents with resources to help cover their tuition costs. For those that qualify, these programs can provide much-needed financing to help them pursue their education goals.

Sometimes, state and federal aid isn’t enough to cover a student’s college costs. In that case, some students explore private student loans. Though these loans may lack some of the borrower protections available for federal student loans, they can be an option for filling in funding gaps. When shopping for private student loans, it can be helpful to compare potential interest rates and fees with different lenders to find the best deal.

If you’ve exhausted all federal student aid options, no-fee private student loans from SoFi can help you pay for school. The online application process is easy, and you can see rates and terms in just minutes. Repayment plans are flexible, so you can find an option that works for your financial plan and budget.

FAQ

Which state gives free college tuition?

Several states offer tuition-free college programs, but eligibility requirements vary. For example, New York’s Excelsior Scholarship offers free tuition at public colleges for families meeting income requirements. Tennessee’s “Tennessee Promise” offers free community college to high school graduates. A number of other states offer similar programs. However, most of these scholarship programs cover only tuition — not housing, books, or fees.

How many US states offer free community college?

Roughly, 35 states currently offer tuition-free associate degrees. These programs typically cover tuition for in-state residents, though they may require meeting income thresholds, applying for federal aid first, and/or maintaining certain academic standards. Also keep in mind that these programs typically only cover tuition, not books, lab fees, housing, food, or transportation.

Is education free in every state?

Higher education — such as community colleges and state universities — is not universally free. While many states have introduced tuition-free or reduced-cost programs, these are not available everywhere and often come with eligibility rules. Also, students still typically pay additional expenses like housing, food, books, transportation, and activity fees, even when tuition is covered.

About the author

Jacqueline DeMarco

Jacqueline DeMarco is a freelance writer who specializes in financial topics. Her first job out of college was in the financial industry, and it was there she gained a passion for helping others understand tricky financial topics. Read full bio.

Photo credit: iStock/Vimvertigo

SoFi Private Student Loans
Please borrow responsibly. SoFi Private Student loans are not a substitute for federal loans, grants, and work-study programs. We encourage you to evaluate all your federal student aid options before you consider any private loans, including ours. Read our FAQs.

Terms and conditions apply. SOFI RESERVES THE RIGHT TO MODIFY OR DISCONTINUE PRODUCTS AND BENEFITS AT ANY TIME WITHOUT NOTICE. SoFi Private Student loans are subject to program terms and restrictions, such as completion of a loan application and self-certification form, verification of application information, the student's at least half-time enrollment in a degree program at a SoFi-participating school, and, if applicable, a co-signer. In addition, borrowers must be U.S. citizens or other eligible status, be residing in the U.S., Puerto Rico, U.S. Virgin Islands, or American Samoa, and must meet SoFi’s underwriting requirements, including verification of sufficient income to support your ability to repay. Minimum loan amount is $1,000. See SoFi.com/eligibility for more information. Lowest rates reserved for the most creditworthy borrowers. SoFi reserves the right to modify eligibility criteria at any time. This information is subject to change. This information is current as of 4/22/2025 and is subject to change. SoFi Private Student loans are originated by SoFi Bank, N.A. Member FDIC. NMLS #696891 (www.nmlsconsumeraccess.org).

SoFi Bank, N.A. and its lending products are not endorsed by or directly affiliated with any college or university unless otherwise disclosed.

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SoFi loans are originated by SoFi Bank, N.A., NMLS #696891 (Member FDIC). For additional product-specific legal and licensing information, see SoFi.com/legal. Equal Housing Lender.

SOISL-Q325-126

Satisfactory Academic Progress (SAP) is the minimum amount of academic progress you need to make in college to keep receiving financial aid, including grants, work-study funds, and federal student loans.

Each school sets its own Satisfactory Academic Progress policy, but typically students need to maintain at least a C average and be on target to complete their program within 150% of the program’s length. According to federal regulations, students who fail to make satisfactory academic progress toward their degree or certificate may lose their eligibility for federal student aid.

Here’s more information on Satisfactory Academic Progress and what steps to take for a SAP appeal if you’ve lost funding.

What Does SAP Stand For in College?

SAP stands for Satisfactory Academic Progress. Each college and university has its own SAP policy for financial aid purposes.

Your school’s SAP policy will likely outline:

•   The grade point average (GPA) you need to maintain

•   How many credits or hours you must complete by the end of each academic year

•   How an incomplete class, withdrawal, repeated class, change of major or transfer of credits from another school affects your Satisfactory Academic Progress

•   How often your progress is evaluated

•   What will happen if you fail to meet SAP requirements

•   Whether you are able to appeal your school’s decision on your SAP status and approved reasons for an appeal

•   How you can get back eligibility for federal student aid

What Is Satisfactory Academic Progress?

The U.S. Department of Education requires that any student receiving federal financial aid meet and maintain academic progress standards as they continue through their educational program. This is known as Satisfactory Academic Progress, and a college’s student loan requirements must be at least as strict as the requirements stated by the Higher Education Act of 1965.

Colleges typically use an academic performance metric as well as a time-based metric to determine a student’s SAP status. To see your school’s standards for Satisfactory Academic Progress, check your school’s website or ask someone in the financial aid office.

Satisfactory Academic Progress GPA Requirement

Academic performance is based on a student’s GPA. Typically, if the academic program is two or more years, then the student must have a minimum 2.0 cumulative GPA, or a grade of “C”, on a 4.0 scale by the end of the second academic year.

If the student’s degree or certificate program is a year or less in length, the school may evaluate academic performance after each academic term. If the program is longer than a year, the school must review academic performance at least once per year.

Satisfactory Academic Progress Credit Hour Requirement

You may need to enroll in and complete a minimum number of credit hours to receive financial aid for the year. Students must typically complete at least 67% of cumulative credits attempted in order to meet SAP requirements.

Dropping a class could potentially hurt your satisfactory academic progress if you are taking the minimum number of credit hours each year.

Satisfactory Academic Progress Completion Rate Requirement

Students must progress through their undergraduate program no longer than 150% of the published length of the educational program. For a four-year Bachelor’s degree program, 150% of the normal length is six years. For a two-year Associate degree program, 150% of the normal length is three years.

Recommended: The Ultimate Guide to Studying in College

What Is SAP Used For?

SAP is used to make sure that students are at least meeting Satisfactory Academic Progress standards in order to continue receiving federal, state, or institutional aid. Part of the reason for SAP requirements is to prevent students from using financial aid as a form of welfare and indefinitely delay responsibilities to repay student loan debt.

What Is a SAP Violation?

A SAP violation means your GPA doesn’t meet satisfactory academic performance standards or you are in danger of not completing your degree or certificate within a certain timeframe. Federal regulations state that any student receiving federal financial aid who fails to meet SAP standards may lose their eligibility to receive federal assistance.

Some colleges may give out a financial aid warning if you don’t make Satisfactory Academic Progress. Financial aid will still be given after a warning, but academic performance must be improved after one academic term. If progress isn’t made by the end of the term, federal financial aid may be suspended.

Recommended: What Is Financial Aid Suspension and How to Get Aid Back?

SAP Appeal

If your financial aid has been revoked because you didn’t meet your school’s standards, you may be able to file a SAP appeal if your school allows it. Your SAP appeal may be accepted based on extenuating circumstances and whether it can be linked to poor academic performance. Some examples include:

•   Death of a relative

•   Severe personal injury or illness

•   Other extenuating circumstances determined by the school

SAP appeals generally include the following:

•   An explanation of what happened Why weren’t you able to maintain Satisfactory Academic Progress? Explain what the problem was, when the problem occurred, how long the problem lasted and how this affected your ability to satisfy SAP criteria.

•   An explanation of what has changed Explain the corrective measures you have taken or will take to reach and maintain Satisfactory Academic Performance.

In addition to any forms required by your school, it may also be helpful to attach any relevant supporting documentation with your SAP appeal, such as a doctor’s note, hospital bill, or an obituary.

For information on how to file a SAP appeal, check your college’s website for directions.

Recommended: Am I Eligible for Work-Study?

SAP & Student Loans

If you’re successful in your request for a SAP appeal, your school may place you on financial aid probation. Although this allows you to continue receiving financial aid, probation that lasts longer than one academic term will require you to have an academic plan that addresses the faults that caused the financial aid suspension and to get you back on track. Academic progress is reviewed after each term while on probation.

On the other hand, if the SAP appeal was unsuccessful or if the school does not allow appeals, then financial aid is withdrawn until SAP requirements are met. Without financial aid, students are responsible for all costs associated with enrollment until they can raise their cumulative GPA to at least 2.0 and prove that they are on track to graduate within 150% of the normal timeframe.

While waiting for federal financial aid to be reinstated, students must pay costs out-of-pocket or rely on private student loans to help fund each academic term. It’s worth noting, however, that private student loans typically have higher interest rates than federal ones and don’t offer benefits like the deferment, public service loan forgiveness, and income-based repayment possible with federal loans.

The Takeaway

You must meet your college’s Satisfactory Academic Progress standards or risk losing federal financial aid in grants, student loans, or work-study funds. Contact your school’s financial aid office if you’re worried about your SAP standing, wish to complete a SAP appeal, or have any questions about your school’s SAP policy. If federal loans are not possible, you might consider private student loans as a source of funding.

If you’ve exhausted all federal student aid options, no-fee private student loans from SoFi can help you pay for school. The online application process is easy, and you can see rates and terms in just minutes. Repayment plans are flexible, so you can find an option that works for your financial plan and budget.

FAQ

Is Satisfactory Academic Progress good?

Satisfactory Academic Progress isn’t inherently “good.” Rather, it means you are achieving at least the minimum qualifying grades and taking enough classes to be on track to graduate within the expected timeframe. This means you are maintaining eligibility for federal student aid as well.

What GPA is required for SAP?

Typically, the GPA required to show Satisfactory Academic Progress (SAP) is 2.0 for undergraduates on a 4.0 scale.

How long does SAP suspension last?

There is not a specific period of time for a SAP suspension to last. Rather, it usually lasts until a student meets the minimum requirements again or has successfully appealed their suspension.

Photo credit: iStock/skynesher

SoFi Loan Products
SoFi loans are originated by SoFi Bank, N.A., NMLS #696891 (Member FDIC). For additional product-specific legal and licensing information, see SoFi.com/legal. Equal Housing Lender.

Terms and conditions apply. SOFI RESERVES THE RIGHT TO MODIFY OR DISCONTINUE PRODUCTS AND BENEFITS AT ANY TIME WITHOUT NOTICE. SoFi Private Student loans are subject to program terms and restrictions, such as completion of a loan application and self-certification form, verification of application information, the student's at least half-time enrollment in a degree program at a SoFi-participating school, and, if applicable, a co-signer. In addition, borrowers must be U.S. citizens or other eligible status, be residing in the U.S., Puerto Rico, U.S. Virgin Islands, or American Samoa, and must meet SoFi’s underwriting requirements, including verification of sufficient income to support your ability to repay. Minimum loan amount is $1,000. See SoFi.com/eligibility for more information. Lowest rates reserved for the most creditworthy borrowers. SoFi reserves the right to modify eligibility criteria at any time. This information is subject to change. This information is current as of 4/22/2025 and is subject to change. SoFi Private Student loans are originated by SoFi Bank, N.A. Member FDIC. NMLS #696891 (www.nmlsconsumeraccess.org).

Financial Tips & Strategies: The tips provided on this website are of a general nature and do not take into account your specific objectives, financial situation, and needs. You should always consider their appropriateness given your own circumstances.

Third Party Trademarks: Certified Financial Planner Board of Standards Center for Financial Planning, Inc. owns and licenses the certification marks CFP®, CERTIFIED FINANCIAL PLANNER®

SOISL-Q325-135

College is expensive, with tuition and fees currently averaging $41,540 for students at private universities — that’s $166,160 for all four years. Tuition and fees at public colleges were lower, but still steep — averaging $29,150 for out-of-state students and $11,260 for in-state students.

Keep in mind that these numbers don’t include all the other necessary expenses of college life, such as room and board, books, supplies, clothing, and entertainment. At the same time, it’s difficult for college students to earn a lot during these years, given the demands of school.

Fortunately, there are numerous options for financing the cost of higher education, plus ways to trim your expenses while you’re in college and save money. Read on to learn how.

Saving Money as a College Student

Luckily, once you adopt a money-conscious mindset, you’ll likely find there are many ways to save money in college. Plus, building the habit of budgeting now can serve you well as you move on to life and enter the real world. Here are some tips for how to save money in college.

1. Take Advantage of Student Discounts

Lots of businesses and service providers offer special deals to students. You can buy clothing, shoes, and furniture for your dorm or apartment for less at certain retailers with a valid student ID.

Entertainment is another area where you can save. Some movie theaters offer student discounts at some locations or on certain days. Some museums and sports events offer discounted access to students as well. You may also find discounts on certain music and video streaming sites. And you can save on travel with discounts at certain car rental and car insurance companies, as well as on trains and buses.

2. Buy Your Books (and Other Necessities) Used

Renting or buying used textbooks is a classic way to save money in college. You can find used books at many campus bookstores and through online retailers.

Used books often come at a fraction of the price of a brand new book, and many are in perfectly good condition. Plus once you’re done, you can try to resell the book.

You can save by buying other items second-hand as well. You might try looking for used clothing and furniture at thrift stores, garage sales, estate sales, flea markets, or on sites like Craigslist, OfferUp, and Facebook Marketplace.

Recommended: 33 Ideas for Saving Money While Dorm Shopping

3. Cook Meals at Home

Food can eat up a big chunk of your college budget, since students with limited cooking skills and small kitchen spaces may be tempted to eat out for every meal. But restaurant tabs can add up quickly.

Shopping wisely for your own ingredients and making simple meals in your living space can help you save a lot of money — and leftovers from one home-cooked meal can be lunch the next day, for even more savings.

4. Serve as an RA

Becoming a resident assistant (RA), can not only be rewarding but also help you cut down on living expenses. RAs are a sort of big brother or sister in dorms, organizing social events, advising younger students, enforcing rules, and mediating disagreements. Many RAs receive free or discounted housing and meals, and some also get a stipend.

5. Cut Out the Extras

One of the best tips to save money in college is to look for areas in your budget where you can trim by choosing a less expensive option.

If you frequent coffee shops, for example, perhaps you can brew your own java a few days a week, or find a less fancy option with free refills. Instead of always going out to bars with friends, maybe you can take turns hosting get-togethers in your on- or off-campus apartments. If you belong to a fancy gym, you might search for lower-cost options on campus, join a sports league, or jog/run outdoors to stay on budget.

Instead of a spring break trip to an all-inclusive resort a plane-ride away, consider a group camping trip or sharing a house at a nearby lake. Get creative — the trip will likely be just as fun.

6. Pay Your Bills on Time

When you pay all of your bills by the due date, you can avoid unnecessary fees and help keep interest from piling up. If you’re worried about forgetting, you may be able to set autopay through your credit card, the service provider itself, or your bank.

Staying on top of bills not only avoids added costs but may also help keep your credit report in good shape. That could help you qualify for better terms on loans and credit cards down the line.

7. Take Advantage of Family Discounts

You may have left home, but maybe don’t cut the cord completely just yet. Many phone and car insurance plans are cheaper if you sign up with family members, rather than as an individual. If your family is on board, this can be one of the easiest ways to go about saving money in college.

If you’re under age 26, you should be eligible to stay on your parents’ health insurance plan, which may be less expensive than purchasing your own. You might also see if your parents will unofficially keep you on various “family plans” by sharing their logins for things like video streaming services.

8. Sign Up for Cash Back Credit Cards

If you’ve decided to use a credit card, you might as well earn some cash back while you’re at it. As long as you pay your bill in full each month to avoid fees and interest, you may benefit from a reward credit card. You could earn points that can be applied as a statement credit, sent to you in check form, or put toward merchandise or gift cards.

When signing up for a cashback credit card, look for one with a low or no annual fee that offers the highest amount of cashback possible. And remember, any benefits will likely evaporate if you do not pay your balance in full every single month.

9. Frequent the Library

Instead of purchasing books, look for them at your local or on-campus library. Your library may also offer magazines and movies so you don’t have to spend money on those, either. Many public libraries now offer digital loans you can download and enjoy instantly on your favorite device.

You might also consider using the library as a free and quiet place to study instead of spending money at the local coffee shop. To make your library experience even more enjoyable, invite friends to form a study group.

10. Give Up Your Car

If you live on campus, you may not actually need a car and all its associated monthly costs (insurance, repairs, gas, and parking, to name a few). Look into free campus shuttles and public transportation to get you where you need to go.

If you need to use a taxi or rideshare service, you can comparison-shop to find the cheapest option, and if you’re looking to take a longer trip, split the cost of a rental car with friends.

11. Look Into Work-Study Options

Work-study is a need-based federal program that provides student-friendly, part-time jobs to help cover school expenses. As a bonus, the work experience may benefit you when it comes time to jump into the job market.

To apply for work-study, you must fill out the Free Application for Federal Student Aid (FAFSA) and indicate that you would like to be considered for work-study. Selecting this option, however, doesn’t automatically mean that you will receive work-study as part of your financial aid package. Acceptance depends on a few factors, including when you apply (earlier is generally better), your level of financial need, and the school’s funding level.

12. Look for Discounted Banking Products

Some banks offer college savings and student checking accounts that don’t charge the same types of fees or have the same balance requirements as normal accounts do.

It’s a good idea to shop around and look into different banks (including banks with local branches and online banks) and compare what kinds of benefits they are offering to college students before making your decision.

13. Take Advantage of Free Campus Activities

Colleges often host a number of different activities for students throughout the week. There might be dances, plays and musicals, sporting events and more, all for free.

By choosing these activities instead of going off-campus, you can save money without sacrificing on fun.

14. Stay Focused

Though college can be a lot of fun, you also need to keep your eye on the prize (graduation) and stay on top of your schoolwork.

Taking more than four years to graduate could blow your higher education budget and negatively impact your earning potential. Some hyper-focused students even graduate in fewer than four years.

Recommended: Return on Education for Bachelor’s Degrees

15. Buy in Bulk

This one requires a little price sleuthing, but for nonperishable items you use a lot of, you’ll typically save money buying in bulk. This is true whether you have access to a membership at a bulk goods store like Costco or Sam’s Club, or you’re choosing between package sizes at a superstore like Target or Walmart. If you can’t use or store an enormous quantity of, e.g. toilet paper, consider going shopping with a friend and splitting the goods.

16. Turn in the FAFSA Every Year

Every year, you need to fill out your FAFSA form to qualify for financial aid. If you don’t turn it in, you could be throwing away free money.

While in the past the form was long and somewhat complicated, a new, simplified FAFSA form recently debuted. There were also some changes in financial aid eligibility rules, making it easier for some families to qualify — so definitely don’t skip the FAFSA.

17. Sell Your Textbooks

Once you’ve completed your courses for the year, you can take the books you purchased and resell them to get some of your money back.

To get the best possible price, compare quotes from your campus bookstore against the going online sale rate. Websites like BookScouter help you compare prices before you list your books for sale.

18. Consider Printing Expenses

You may already pay for use of on-campus printers with your student fees. Don’t spend additional money on printers, ink, and paper if it’s cheaper to utilize the printing resources at the library or other places around your campus.

19. Look Into Local Restaurant Deals

To enjoy a nice meal out while saving money, keep your eye out for deals at local restaurants. Many establishments offer happy hour specials or special discount nights.

You may also be able to access valuable coupons by downloading the restaurant’s app, signing up for their emails, and/or filling out surveys printed at the bottom of your receipts. There are also sites that offer restaurant coupons, such as Restaurant.com.

20. Find the Free Food!

You can’t get cheaper than free. Departments and organizations on campus will often offer free food like pizza and sandwiches to entice students to attend their events.

Keep an eye out for signs around campus. You could score some free dinner and you might find some interesting people or a new hobby while you’re at it.

💡 Quick Tip: Would-be borrowers will want to understand the different types of student loans that are available: private student loans, federal Direct Subsidized and Unsubsidized loans, Direct PLUS loans, and more.

Other Ways to Finance College

Saving can get you far. But you may still need help coming up with the full cost of attendance for college. Fortunately, by filling out the FAFSA, you will automatically be in the running for federal financial aid, which may include grants, scholarships, work-study, and subsidized federal loans.

It can also pay to research private scholarship opportunities online and apply for any you think you might qualify for. Though each award may be small, if you are able to get a few scholarships, it can add up to a significant sum.

You may then want to fill in any gaps in funding with different types of student loans, such as unsubsidized federal loans and, if necessary, private student loans.

Private student loans are available through banks, credit unions, and online lenders. Loan limits vary by lender, but you can often get up to the full cost of attendance, which is more than you can borrow from the federal government. Interest rates may be fixed or variable and are set by the lender. Generally, borrowers (or cosigners) who have strong credit qualify for the lowest rates.

Keep in mind, however, that private student loans typically have higher interest rates than federal loans, and they lack the protections of federal loans, such as deferment, public service loan forgiveness, and forbearance.

The Takeaway

College can be a very expensive proposition, but you can do your part to minimize costs by saving money while pursuing your degree. Tactics can include using your student status to snag discounts, buying in bulk, and snagging cash back, among others. As you budget for college, it’s wise to look into funding via grants, scholarships, and federal and private student loans.

If you’ve exhausted all federal student aid options, no-fee private student loans from SoFi can help you pay for school. The online application process is easy, and you can see rates and terms in just minutes. Repayment plans are flexible, so you can find an option that works for your financial plan and budget.

FAQ

What is the 50/30/20 budget rule in college?

The 50/30/20 budget rule can be applied to life in college and after. It says to put 50% of one’s cash toward the musts of life, 30% toward the wants, and 20% toward saving or additional debt payments.

How to save the most money while in college?

It’s possible to save money when in college using a variety of techniques. These can include using student discounts, cutting back on discretionary spending and finding free food and entertainment on or near campus, snagging cash back rewards, and exploring work-study options.

How can I get more help with college costs?

To save on college costs, file the FAFSA every year to see what grants and scholarships you may be eligible for; also check with the financial aid office. Consider work-study and RA opportunities as well. Look for discounted goods and services just for students, too, such as fee-free banking and reduced student prices at stores near campus.

About the author

Kylie Ora Lobell

Kylie Ora Lobell is a personal finance writer who covers topics such as credit cards, loans, investing, and budgeting. She has worked for major brands such as Mastercard and Visa, and her work has been featured by MoneyGeek, Slickdeals, TaxAct, and LegalZoom. Read full bio.

SoFi Loan Products
SoFi loans are originated by SoFi Bank, N.A., NMLS #696891 (Member FDIC). For additional product-specific legal and licensing information, see SoFi.com/legal. Equal Housing Lender.

Terms and conditions apply. SOFI RESERVES THE RIGHT TO MODIFY OR DISCONTINUE PRODUCTS AND BENEFITS AT ANY TIME WITHOUT NOTICE. SoFi Private Student loans are subject to program terms and restrictions, such as completion of a loan application and self-certification form, verification of application information, the student's at least half-time enrollment in a degree program at a SoFi-participating school, and, if applicable, a co-signer. In addition, borrowers must be U.S. citizens or other eligible status, be residing in the U.S., Puerto Rico, U.S. Virgin Islands, or American Samoa, and must meet SoFi’s underwriting requirements, including verification of sufficient income to support your ability to repay. Minimum loan amount is $1,000. See SoFi.com/eligibility for more information. Lowest rates reserved for the most creditworthy borrowers. SoFi reserves the right to modify eligibility criteria at any time. This information is subject to change. This information is current as of 4/22/2025 and is subject to change. SoFi Private Student loans are originated by SoFi Bank, N.A. Member FDIC. NMLS #696891 (www.nmlsconsumeraccess.org).

Financial Tips & Strategies: The tips provided on this website are of a general nature and do not take into account your specific objectives, financial situation, and needs. You should always consider their appropriateness given your own circumstances.

External Websites: The information and analysis provided through hyperlinks to third-party websites, while believed to be accurate, cannot be guaranteed by SoFi. Links are provided for informational purposes and should not be viewed as an endorsement.

Third-Party Brand Mentions: No brands, products, or companies mentioned are affiliated with SoFi, nor do they endorse or sponsor this article. Third-party trademarks referenced herein are property of their respective owners.

Third Party Trademarks: Certified Financial Planner Board of Standards Center for Financial Planning, Inc. owns and licenses the certification marks CFP®, CERTIFIED FINANCIAL PLANNER®

SOISL-Q325-138

When attending college, you may need to decide whether to pursue a Bachelor or Arts (B.A.) or a Bachelor of Science (B.S.) degree. Generally, a B.A. is more focused on the arts and humanities, while a B.S. is more centered around science and math.

Depending on the school and program, you may be limited to getting either a B.S. or a B.A. With some majors, however, you may have a choice. Whether you should go with a B.A. or B.S. will depend on both your educational and career goals. Read on for a closer look at a B.A. vs. a B.S., including how it can affect your coursework and future job options.

What’s the Difference Between a B.A. and a B.S.?

A Bachelor of Arts and a Bachelor of Science are both generally four-year undergraduate degree programs. Students completing either of these degrees will typically need to take similar general education requirements, such as courses in English, mathematics, natural science, writing, history, and social science.

A B.A. focuses on traditional liberal arts subjects like history, literature, art, philosophy, the social sciences, and other topics in humanities. It will provide a student with a more diverse course of study and may require fewer credits than a B.S. degree.

On the other hand, a B.S. program emphasizes science, engineering, technology, and math, and is more focused on one subject. When looking into a B.A. vs. B.S., you’ll want to decide what kind of job or graduate school program you want to pursue after graduation.

For instance, if you have a choice of earning either a B.A. or a B.S. in psychology and know you eventually want to go into one-on-one counseling with patients, you may want to choose a B.A. degree.

If, on the other hand, your plan is to earn a Ph.D. and pursue a career in research, then a B.S. may be a better choice. Keep in mind that some colleges offer students the opportunity to earn a B.A. or a B.S. in the same major, while other colleges don’t offer that choice.


💡 Quick Tip: SoFi offers low fixed- or variable-interest rates. So you can get a private student loan that fits your budget.

Which Degree Is Better?

When looking at a B.A. vs. a B.S., you may be wondering which one is better and more attractive to employers. In reality, it may not make much of a difference which one a student earns, as long as they have a bachelor’s degree in general.

Some employers may want graduates with a broader view of liberal arts topics, while others might prefer candidates who honed in on a particular subject. However, a candidate would probably not lose a job opportunity just because they had the “wrong” type of bachelor’s degree.

When prospective employers and graduate school admissions officers are looking at candidates, they generally care much more about factors like a student’s grades, the courses they took, the major they enrolled in, and which school they went to.

They may also care about whether or not a student completed internships and work-study programs related to their major.

Recommended: Return on Education for Bachelor’s Degrees

Finding a Good B.A. or B.S. Program

Instead of getting hung up on the difference between a Bachelor of Arts and a Bachelor of Science, you may want to instead dive into the content and quality of the curriculum you could be studying for the next four years. You can see if the curriculum sounds interesting to you and if it would be applicable to your future career.

You may also want to evaluate all the schools you want to apply to or have gotten into before making a decision.

It’s a good idea to research a school’s reputation through a site like College Board® to determine how hard it is to get into, who the alumni are, what kinds of opportunities their graduates have pursued, and the strength of their programs.

Of course, it’s critical to investigate the location, enrollment size, and cost of attendance as well. You may find it helpful to create a shortlist of potential colleges/bachelor’s programs and then rank what’s most important to you.

For example, if you want to go to a competitive grad school, you may want to emphasize selectivity for your undergraduate program.

If you’re concerned about how you’re going to pay for college, you may also want to look into programs that are less expensive or that tend to offer scholarships to students. You can also research your options for private and federal student loans to pay for school.

If it’s feasible, it can also be helpful to visit and tour potential schools. This gives you a chance to get a feel for the school and student body, and get all your questions answered. For example, you may want to ask about job and career support, including job fairs and on-campus interview opportunities, so you know you will have support and be set up for success after you graduate.

Recommended: How to Pay for College

Why Get a Bachelor’s Degree?

B.A. and B.S. degrees can be very similar. What matters in most cases is simply getting a bachelor’s degree. This can open you up to a broader range of professional opportunities, allowing you to fulfill your career goals as well as earn more money.

You can choose to go directly into the workforce following graduation and have an advantage over candidates who only have a high school diploma (or less), or you could choose to go to graduate school to earn an advanced degree.

Studies have shown that those with college degrees tend to earn significantly more than those with only a high school diploma, with the figure being as much as 86% higher in recent years.

There are a number of personal benefits as well. Many students find college to be very fulfilling because they gain valuable skills like teamwork and time management.

They also learn how to take on challenges, which can improve their self-esteem. Research suggests that people with college degrees are more likely to volunteer, donate to charitable organizations, vote, and contribute to their communities than those without college degrees. They also tend to report higher levels of happiness.

Making Your College Decision

A B.A. and a B.S. are both four-year undergraduate degrees that often require similar general education requirements, like math, English, and history. Broadly, B.A. degrees are more focused on liberal arts subjects, while B.S. degrees usually emphasize subjects like math and science.

Some schools may offer a B.A. and B.S. in the same subject, but with slightly different degree requirements, such as a B.A. or a B.S. in chemistry or computer science. The B.S. program typically has more required courses than the B.A. program.

Once you determine what degree you want to get and where you want to get it, you’ll likely also need to figure out how you’re going to pay for it. Fortunately, you have options, including financial aid (which may include grants, scholarships, work-study, and subsidized federal loans), as well as unsubsidized federal loans and private student loans. For federal financial aid, filling out the FAFSA is a smart first step.

Private student loans can be used to finance your education or fill any gaps in funding. Just keep in mind that the lowest interest rates typically go to those with higher credit scores, these loans generally have higher rates than federal loans, and private loans don’t offer the same benefits (such as forbearance or public service loan forgiveness) as federal loans.

The Takeaway

The difference between a B.A. and B.S. degree is typically that a B.A. is centered on liberal arts topics, while a B.S. is more focused on science, tech, and math. Both degrees are undergraduate and can help a student prepare for a career or a postgraduate degree. Whichever degree you choose to pursue, also think about how to fund your college education.

If you’ve exhausted all federal student aid options, no-fee private student loans from SoFi can help you pay for school. The online application process is easy, and you can see rates and terms in just minutes. Repayment plans are flexible, so you can find an option that works for your financial plan and budget.

FAQ

Which is better, a B.A. or B.S. degree?

Neither a B.A. nor a B.S. is better, in and of itself. It’s really a matter of figuring out which path is most interesting to you, will help you meet your goals, and will suit your circumstances.

Is a B.S. more respected than a B.A.?

When it comes to college degrees, it’s not a matter of either a B.S. or B.A. being more respected. Each has its strengths. If, say, you are applying to graduate school to pursue creative writing, a B.A. might be preferable. If you are looking for a job in engineering, a B.S. could be a great asset.

Do med schools prefer a B.A. or a B.S.?

Many med schools are open to students who have completed either a B.A. or a B.S. What’s most important is that they have completed whatever prerequisites the med school requires before starting its program.

About the author

Kylie Ora Lobell

Kylie Ora Lobell is a personal finance writer who covers topics such as credit cards, loans, investing, and budgeting. She has worked for major brands such as Mastercard and Visa, and her work has been featured by MoneyGeek, Slickdeals, TaxAct, and LegalZoom. Read full bio.

SoFi Loan Products
SoFi loans are originated by SoFi Bank, N.A., NMLS #696891 (Member FDIC). For additional product-specific legal and licensing information, see SoFi.com/legal. Equal Housing Lender.

Terms and conditions apply. SOFI RESERVES THE RIGHT TO MODIFY OR DISCONTINUE PRODUCTS AND BENEFITS AT ANY TIME WITHOUT NOTICE. SoFi Private Student loans are subject to program terms and restrictions, such as completion of a loan application and self-certification form, verification of application information, the student's at least half-time enrollment in a degree program at a SoFi-participating school, and, if applicable, a co-signer. In addition, borrowers must be U.S. citizens or other eligible status, be residing in the U.S., Puerto Rico, U.S. Virgin Islands, or American Samoa, and must meet SoFi’s underwriting requirements, including verification of sufficient income to support your ability to repay. Minimum loan amount is $1,000. See SoFi.com/eligibility for more information. Lowest rates reserved for the most creditworthy borrowers. SoFi reserves the right to modify eligibility criteria at any time. This information is subject to change. This information is current as of 4/22/2025 and is subject to change. SoFi Private Student loans are originated by SoFi Bank, N.A. Member FDIC. NMLS #696891 (www.nmlsconsumeraccess.org).

Financial Tips & Strategies: The tips provided on this website are of a general nature and do not take into account your specific objectives, financial situation, and needs. You should always consider their appropriateness given your own circumstances.

Third-Party Brand Mentions: No brands, products, or companies mentioned are affiliated with SoFi, nor do they endorse or sponsor this article. Third-party trademarks referenced herein are property of their respective owners.

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