Smart Scheduling for College


The freedom to spend your time however you want, without parents telling you what to do, probably sounds great. But if you don’t budget your time wisely, you may struggle academically.

In college, the amount of time you spend studying affects your grades. The more time you spend out of class studying, the better your grades. Unfortunately, many students think they will have plenty of time to study later, so they can do whatever they want right now. Then, as other assignments also become due and other commitments arise, the time they thought would be there evaporates.

To ensure you study the right things, in the right amount, at the right time, follow these steps.

1. Plot Your Weekly Schedule

Use a weekly calendar that shows the hours of each day. Then:

  1. Identify your set time commitments that occur every week and write them in the calendar.
    • Classes.
    • Work schedule.
    • Other known commitments like club meetings.
    • Meals.
    • Workouts.
    • Seven and a half to 8 hours of sleep each night.
  2. Look for blocks of time during the day to create “study blocks.” As a general rule, your time in class and your time studying each day should add up to at least 8 hours, or more if you are carrying a heavy course load.
    • Gaps between your classes. It makes more sense to stay near your next classroom than it does to walk back and forth to your dorm.
    • Days when your classes end earlier.
    • Available evenings and weekends.
  3. Block out time that you plan to hang out so that you are realistic about the time you can afford to spend not studying.

2. Plan Your Study Schedule

Next, figure out the right things to study at the right time. Use longhand and paper to do this. Studies have shown that the act of writing an action item down helps you to take ownership of it as you effectively commit to getting it done.

  1. Start by laying out all of your class syllabi side by side.
  2. On separate sheet of paper, write the due dates for all the assignments listed and all quiz and test dates, for all your classes, in date sequential order.
  3. Highlight the assignments that are big and extra time-consuming.
  4. Use a different color to highlight upcoming tests and make note of assignments that overlap.
  5. Resolve conflicts in due dates and test dates by planning to study ahead of time over the preceding weeks.

3. Transfer Your Information.

Use an electronic calendar or app that will be easy to reference and adjust throughout the semester.

  1. Input your weekly schedule and study blocks as recurring items running throughout the entire semester.
  2. Next, input the assignments and tests from the highlighted list that you created.
  3. Finally, for each study block, input details on what you should study or work on, based on due dates and the conflicts you resolved in the previous step.

4. Stick to Your Schedule

Make a pact with yourself to stay disciplined. Sure, some things will come up that will require you to change your schedule. But don’t fall into the trap of convincing yourself there will be time later to do the hard work.

By: Steve McCullough
Iowa Student Loan

Six Steps to Choosing a College


The time to choose a college is approaching, but the wide variety of options can make it hard to know which ones you should seriously consider. These six steps can help.

1. Understand your choices.
If you know what you want to do after college or if you have a major picked out, that can help you decide whether you should look at a four-year or two-year institution, or some combination. See whether a two-year school is the right place for you to start.

You should also have a good understanding of what you can afford to spend on your college education, but don’t immediately rule out a college because of cost.

2. Make a long list.

Your long list should include a variety of schools to consider and learn more about. For ideas, talk to family and friends, ask your school counselor, read college guides and search the Internet.

3. Explore.

Now that you have a list, choose some of the most appealing colleges and universities to look at more closely. Visit as many as you can within your timeline and budget — you might be surprised by your preferences once you see a few campuses. Some questions to consider as you explore:

  • Size: How many students attend the school? How many are in your particular program? What is an average class size for general education classes?
  • Funding: Are you interested in the religious, service or specialized experience offered by private institutions? Are you more comfortable at a public, state-funded university? See more about public and private institutions.
  • Location: How close is it to home and how will you travel back and forth? Is it located in a city, a suburb or a small community? Is an out-of-state college right for you?
  • Student body diversity: How do the school’s location, programs, requirements, cost and environment affect the types of students who attend? Would you prefer to attend a college with many students who have a background similar to yours or from a variety of backgrounds? Are you looking for a school that draws a high percentage of international students?
  • Atmosphere: Does the campus feel traditional or not? Do most students stay in the area over the weekend or go home? Does the school offer a variety of activities and clubs you’re interested in? Read more about exploring campus life.
  • Reputation: What are the overall graduation and placement rates? Are faculty up to date with current advances? Does the school have a good reputation among employers in your field? Does it offer career preparation to assist you? Discover what other aspects of a college or university you should consider.

ROCI Reality Check can help you see how your major and career selection can affect your future.

4. Decide the features you like best.

After you explore several campuses, determine what size and type of college you’d most like to attend. Look for other schools that offer the same types of features and visit them.

5. Make a short list.

Narrow down your new list of colleges that offer the features you prefer. Try to choose three or four that have everything you really want. If all these have high admission standards, choose at least one safety school that you know will accept you and offers most of the features you want.

6. Re-evaluate for the best fit.

After you’ve applied to and been accepted into the schools on your short list, consider which will best help you meet your goals. If you have the chance, visit your top two or three schools again to ensure you make the right choice and determine your first preference.

By: Iowa Student Loan

Comparing Public and Private Colleges

When you first start thinking about colleges or universities you may want to attend, it’s important to really consider all your options. Don’t dismiss a private college immediately because of the cost of tuition, and don’t rule out public universities because of the number of students. Consider the pros and cons of each and let those points help guide your decision.Comparing-Public-and-Private-Colleges

Download a PDF of this infographic.

  • Size: In general, enrollment at private colleges is much smaller than at public universities. At a private university, total enrollment may be a few thousand students, while at a large state university, there may be 10,000, 20,000 or even more than 30,000 students. The physical size of the campus usually follows the same logic.
  • Programs: Public colleges and universities typically offer a wide range of undergraduate programs. They may be known for research or specialty programs, but those specific programs may be geared more toward graduate students. At a private college and university, fewer degree programs may be offered, especially at liberal arts colleges or schools of engineering or hard sciences.
  • Tuition: Public colleges and universities receive some level of financial support from the government, so tuition costs are typically much lower than at private colleges, which must rely on students, alumni and other individuals to pay salaries and maintain the college. To counter that, private colleges often have endowments that can help lower tuition costs for students through scholarships and grants.
  • Class size: Private colleges often report smaller class sizes or student-to-professor ratios while public universities typically have larger class sizes or more lecture-style classes. At both types of colleges, larger classes are more typical with general education classes and reduced class sizes are more common with classes required for majors and minors.
  • Graduation rate: Students at private colleges and universities are more likely to graduate in four years, on average, than public universities. This may be caused by students at public universities having more difficulty getting into required classes and/or changing majors more frequently.

Remember that this information is general, and some private and public colleges are extremely different than the majority of schools in their category. When you make your choice, think about your goals for college and the future, costs, class size, culture and environment as well as the pros and cons of different colleges.

By: Iowa Student Loan

Save Now or Pay More Later


Whether you’re planning for your own or your child’s education, saving instead of borrowing for college has one simple but very important advantage: It will cost you less money.

Saving $1,000, $5,000 or $20,000 before starting college is different than borrowing that same amount as it’s needed because of the interest you will have to pay on loans during repayment. Even though interest earned on any money you save may be limited in today’s financial environment, repaying interest on a loan will not be as minimal.

For example, Jane’s parents began saving for their daughter’s education when she was a toddler and have $20,000 in savings when she begins college. John’s parents, on the other hand, wanted him to pay for school himself, so he borrowed $20,000 during four years of college. Over time, John will pay back the $20,000 he borrowed plus an additional $12,167.81 in interest.*


Additional Benefits

Using savings to pay for college instead of borrowing has other benefits that can pay off in the future.

  • Learning to focus on saving now can be the start a good habit for a lifetime of financial success. If saving is expected of you at a young age, it will become a habit that will likely continue into adulthood when a solid savings account can prevent economic distress in emergencies.
  • Saving money typically means maintaining a saving account, at minimum, and potentially includes options such as CDs (certificates of deposit). You need to work with either a bank or credit union to have your money work for you while you save it. Building a positive relationship with your financial institution can benefit you when it comes time to take out a loan for a new car or home.
  • Limiting or eliminating borrowing for school can prevent stress after graduation. It can mean the difference between working one job and living on a comfortable budget instead of working a second part-time job simply to pay monthly student loan bills. See other problems with overborrowing.

By: Iowa Student Loan


The $12,167.81 amount of interest assumes:

– John is in school for four years.
– John borrows a total of $20,000 ($5,000 for each of four years) in federal unsubsidized loans.
– The loans have a fixed interest rate of 4.29% and a 10-year repayment period.
– 360 days per year
– 30 days per month
– In-school interest accrual begins at loan origination, capitalizing once at the beginning of repayment (after 51 months for Year 1 loans, after 39 months for Year 2 loans, after 27 months for Year 3 loans and after 15 months for Year 4 loans)
– There are no origination fees.

7 Problems with Overborrowing


Borrowing more money than you need to for college or for non-education expenses can jeopardize your financial future and bring you stress and disappointment. Make smart decisions when it comes to borrowing for college to avoid future pitfalls. Keep these overborrowing problems in mind:

1. You have to pay interest too. Most students delay loan repayment until after college, meaning that interest builds up during school and increases the amount that must be paid back. If you use student loan money for unnecessary things, interest will accrue on that money too before you even start repayment.

2. Repayment can take longer. If your monthly payment is more than you can afford after college, you may have to look at alternative repayment plans. These plans may reduce your monthly payment but extend over more months, which will lead to you paying more interest over time.

3. Missed payments will have consequences. The more you borrow, the more you will have to pay back every month. If you are unable to pay your bills and miss payments, your credit history will be impacted negatively, which may lead to higher interest for future loans and credit of all types.

4. You may have to limit entertainment expenses. The more money you have to pay back on your student loans each month, the less you will have for entertainment. When you look back, will you think using student loan funds for one spring break was worth it when it seems like you can never afford to go out to dinner or a ballgame with friends?

5. You may need a second job. To pay your student loans after college, you may have to find a second part- or full-time job. A second job may help with your bills, but it can impact your personal life, the attention you pay to your primary job and your overall health.

6. You might delay buying a house or starting a family. Numerous reports show that adults with high levels of student loan debt put off traditional adult milestones, such as purchasing a home, getting married or starting a family due to economic distress.

7. You may be unable to save for your future. Saving for your future, especially your retirement years, will be essential once you start your career. But if you’re unable to contribute money to a 401(k) or other retirement fund because you are repaying student loans, you may miss out on a decade’s worth of saving and have to work longer than you would like during your lifetime.

By: Iowa Student Loan

How Making Interest Payments Can Save You Big Money Later

If you’re funding part of your college education with student loans, you may occasionally receive statements, even though no payments are due. Ever wonder why?

Those statements are important, and understanding why can save you money in the long run.

They notify you that, even though you don’t have to make payments while you’re in school, interest is adding up on your loans — every single day. If this interest is not paid as it accrues or before your loans enter repayment (usually six months after you leave school), it will be added to your principal balance. If it is added to your principal balance (a process called capitalization), you will then owe more than you originally borrowed. And, the now larger principal balance starts to accrue interest on a daily basis, so you will be paying interest on the accrued interest.

How can you minimize this increase to your loan balance? If you manage to earn or save some money while you’re in school, you can make monthly payments that pay down the interest as it accrues.

Here’s an example of how making small payments every month could save you more than $1,500 over the full life of student loans.

Note: The information below is an example only. Your payment amounts will depend on the types of loans you receive and the interest rates and the repayment terms on those loans.


Download a PDF of this infographic.

Establishing Financial Habits

Making everyday spending decisions—like whether to order pizza or go to the Caribbean for Spring Break—in college, helps you establish the financial habits you’ll use in the future.

Although eating out every Friday night sounds like a good thing, it may be worth it to give up that treat in exchange for savings of thousands on your future student loan payments.

By: Iowa Student Loan

5 Reasons to Start a 529 Plan


Saving for your child’s college education can be stressful, but it can also be one the best things you can do to help ensure he or she has a solid financial start in life. If you’re considering different savings options, check out these benefits of a 529 plan.

1. Plans are good nationwide.

Most states, including Iowa, and a number of institutions offer 529 plans, and the plans are not restrictive to the state you live in or where the student attends college. That means parents can take out a College Savings Iowa 529 Plan and the student can use the funds at any eligible school in the country and even some colleges or universities outside the United States.

2. Anyone can open a 529 plan account.

Parents, grandparents and even friends can open a 529 plan for a potential college student. You can even start a 529 plan for your own education.

Parents: Enter to win a $1,500 contribution to a 529 plan.

3. There are tax benefits.

While contributions are not deductible at the federal level, Iowa taxpayers may deduct some contributions from their adjusted gross income. When the plan owners deduct funds to pay eligible college costs, that money is not taxed. For the beneficiary, all earnings on the 529 plan grow tax free.

4. Plans are flexible.

You can choose to change the investment options up to twice per calendar year. Plan owners can make regular contributions, open an account with an initial deposit and never make another contribution, or make deposits whenever it’s convenient. You can even change the beneficiary if the person the account was opened for decides not to attend college.

5. You stay in control of the account.

When you open a 529 account for your child, or anyone else, you maintain control of the account and how the funds are spent. The money is not automatically transferred to the student to spend.

By: Iowa Student Loan

Celebrate College Savings Month with College Savings Iowa


With back-to-school in full swing, I know it can be a busy time of year for parents and children alike. It also is a busy time of year for College Savings Iowa!

Since the program’s inception in 1998, our message has always been the same: by starting early, saving regularly and making smart investment choices, families can make their savings work for them. To celebrate College Savings Month this September, we introduced a new financial literacy initiative, College Savings Iowa InFocus, to help families learn how they can make their savings work for them.

This interactive learning experience introduces parents, grandparents and others to the benefits of saving for the higher education of a loved one. It offers savers the chance to understand the ins-and-outs of 529 plans. So join us in celebrating College Savings Month by completing College Savings Iowa InFocus! As a bonus for taking the extra step and learning about saving for your loved ones’ futures, families who complete the 10 minute tutorial are automatically registered to win a $1,000 College Savings Iowa account. Visit to complete the tutorial and see the official rules.

College Savings Iowa is offering an additional $10 contribution to the first 500 people who complete the tutorial and open a College Savings Iowa account as another way to encourage families to take the first step towards saving. The newly established accounts must have a minimum $25 contribution and be opened within the first seven days of tutorial completion to be eligible for the $10 contribution.

By investing in your children’s education, you are investing in their future. I encourage you to make time and evaluate your college savings strategies. I know families are already busy juggling the demands of work and home, which means college planning may be the last thing on their minds. But with the cost of a higher education rising faster than inflation, nearly every family will face the question of how to pay for it when the time comes. Thankfully, the answer is quite simple – start saving today.

To learn more about College Savings Iowa, visit or call 888-672-9116. Also, be sure to join the college savings conversation by following us on Facebook and Twitter (@Iowa529Plan) to learn about future giveaways, college savings tips and events!

Help make college a reality for the children in your life by starting to save today – you’ll be glad you did!

By: Michael L. Fitzgerald, Treasurer of State

Contributed by: College Savings Iowa

This is Contributed Content. Any opinions, advice, statements, services, offers, or other information contained in Contributed Content are solely those of the respective author(s) or contributor(s) and do not necessarily state or reflect the opinion of Iowa Student Loan and/or this blog. See the “About” page for additional important information about Contributed Content.

4 Ways Dropping Classes Can Cost You

It happens to a lot of college students sooner or later: You enroll for a class, without realizing until after the semester starts that it’s just not for you. Colleges and universities plan for this by building in policies that allow dropping or withdrawing from classes, but doing so can cost you more than you realize.


1. You may not graduate on time.

  • More tuition and fees to attend for extra semesters.
  • Increased loan balances.

2. Depending on your school’s policies and how far into the semester you are, you:

  • May or may not be eligible for full or partial refunds of tuition for dropped courses.
  • Likely will not be reimbursed for related costs like registration and payment plan fees.

3. If you enroll late in a replacement class, you may end up spending more for new books and materials instead of being able to rent or buy used.

4. Your financial aid might be affected.

  • A “withdrawn” or “F” on your transcript can lower your GPA, and you may lose financial aid if you don’t meet minimum requirements.
  • If you drop below half time, you will lose aid and benefits:
    • You will no longer be eligible for federal work-study programs.
    • You may lose all or part of federal and state grants.
    • Loans may enter a grace period or repayment immediately.

Before dropping a class, speak to your academic adviser and, if necessary, the financial aid office, about your options and how to avoid financial consequences.

By: Iowa Student Loan

5 Small Changes to Save Big


It’s easy to spend a couple of dollars here and there without realizing how they add up. Before you know it, finances can be pretty tight.

Use these tips to help you make small changes that can save big money over time.

1. Make your own coffee.
Day-to-day caffeine runs can add up quick. Instead of $3 or $4 dollars for a large gourmet takeout coffee, spend less than a dollar per cup to make your own. Your favorite coffee chain might even have a brew-at-home version available at the grocery store.

2. Skip the fast food.
An average fast food meal costs $5 or more. Eating at home or on your meal plan instead for four meals a month saves at least $20 a month and $240 a year outright. If you tend to order a bacon cheeseburger and fries, your health may benefit from more nutritious meals as well.

3. Stay home on date night.
Renting an inexpensive movie instead of going to the theater can save between $7 and $10 for each of you. If you and your significant other see a movie every other week, that’s about $200 a year in savings.

4. Drop the Wi-Fi subscription.
If your campus and local gathering spots offer free Wi-Fi, you may not need to pay for a separate Internet service. Even less expensive plans run around $40 a month. Drop it and save nearly $500 over a year.

5. Work part-time.
Working just 10 hours a week at minimum wage lets you bring in more than $2,400 a year. Plus, you gain valuable experience to improve your chances of landing a great job after college.

See more tips (PDF) on how to save money in college.

By: Iowa Student Loan

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