Financial 4.0 logo
EventsMarketplace
Sign In
COLLEGEBUDGETINGLIFESTYLE & TRAVEL

Ways to Save on Parking in College

Written by: Guest Writer

2 min read | Published: January 31, 2020

Image for Ways to Save on Parking in College

Are you looking to live off campus or bring a car to school? Almost everyone feels like they have more freedom and access to the surrounding city when the have the own form of reliable transportation. Despite this, parking at school can be limited or non-existent for students. If you’re going to bring a car, parking is something you’ll need to be thinking about ahead of time to avoid expensive tickets and be able to get to class on time.

Parking fees add up

Parking on campus can put a huge dent in your wallet, especially if all available spots are based on meters. When finding a spot, fees can be as much as a couple of dollars an hour, which quickly adds up if you have daily classes. According to MarketWatch, the average cost of a parking pass across the 100 largest colleges in the U.S. is $510 per year. This isn’t even mentioning parking violation fees, which can be upwards of $20 or more per ticket and can come with late fees if not paid in a short timeframe.

Ways to avoid campus parking

There are many solutions you can use to avoid parking on campus.

Research online as to what public transportation is like for the area around your college and coordinate around bus schedules to get where you need to be on time.

Consider bringing a bike, scooter, or even something like an electric skateboard to campus. These help to effectively save on gas and parking without having to walk. If there’s a bike lane on the roads for your campus, it’ll be even faster and safer than biking on the sidewalk.

Try to find out what parking is available off campus or if your college has a commuter lot. It won’t be as close, but if you coordinate with public transportation or use an alternate mode of transportation from where you park, it will be much cheaper than parking on campus.

Budgeting your time

If you end up not parking on campus, the trade-off for saving money is that you’ll need to start budgeting time for commutes from home and to lecture halls. This may require getting up earlier than normal for class or having to modify your work schedule to fit your daily commute. Researching the average travel time and forming a fixed routine is incredibly helpful to stay on track and eliminate the worry of being late. You can even try out trial-runs to see how long it takes you to get around, just to be sure.

Sources:

https://affordableschools.net/hidden-costs-college/

https://www.marketwatch.com/guides/car-shipping/taking-a-car-to-college/

Was this helpful?

Browse Related

Image for High School Seniors: Tips to Prepare for College

High School Seniors: Tips to Prepare for College

BLOG | COLLEGE

3 min read | February 7, 2021

Being accepted at your dream college or university is exciting but it’s only a first step. The actions you take now can make the transition to college much easier. Here are some things to consider as you get closer to your next adventure.

Learn More

Image for Campus Resources to Take Advantage Of

Campus Resources to Take Advantage Of

BLOG | COLLEGE

1 min read | February 1, 2021

Walking onto campus for the first time as a student can be intimidating. You don’t want to get overwhelmed with all the new areas to explore, so here are some tips for connecting with helpful resources on campus.

Learn More

Image for The Real Cost: Questions to Ask About College

The Real Cost: Questions to Ask About College

BLOG | COLLEGE

2 min read | February 8, 2020

Comparing the costs of different colleges and universities is not black and white. There are many factors that go into calculating the final cost. Consider these questions to help you make the most informed decision.

Learn More

Browse by Category

Image for Budgeting

Budgeting

Image for Career

Career

Image for College

College

Image for Credit

Credit

Image for Fraud

Fraud

Image for Investing

Investing

Image for Lifestyle & Travel

Lifestyle & Travel

Image for Student Athletes

Student Athletes

Image for International Students

International Students


Oakland University Credit Union
www.OUCreditUnion.org

Oakland University Credit Union, OUCU, is a licensed trade name of Michigan State University Federal Credit Union. MSUFCU remains the legal entity behind both brands, MSUFCU and OUCU. Federally insured by NCUA. Equal Housing Lender.

If you are using a screen-reader or other auxiliary aid and are having problems using this website, please call 800-766-6828 for assistance. All products and services available on this website are available at MSUFCU full-service locations.

LEARNBLOGSPODCASTSQUIZZESCALCULATORSVIDEOSEVENTSMARKETPLACEFAQABOUTCONTACT US
Download on the App StoreGet it on Google Play

Copyright © 2024 Reseda Group LLC, used under license.

Terms of Use
Privacy Policy
Disclaimer