Emma Pardo, News Editor

We all eat ramen noodles everyday, we are all lazy, we are all procrastinators… At least that’s what the stereotype says we are. For most college students, budgeting becomes a lifestyle. When attending class full time the opportunity to have a job with flexible hours may be hard to come across.

There are 44.7 million Americans that have and are still paying off their student debt. To add after the year 2018, the total amount of student debt was 1.47 trillion dollars, higher than the amount of credit cards or auto loans owed. 

For two-thirds of full-time students, there is help from financial aid to pay for tuition, room or books. Additionally, over 57% of financial aid that is received is in the form of grants which do not need to be paid back and 34% in the form of federal loans which acquire interest rate which furter the rate of debt. 

There are two different types of “broke college students.” The first category describes poor students that are living on campus and or independently who pick up the weight of providing for themselves rather than having the support of a parent or guardian’s income. 

The second category is those who are still living with their parents and or commuting to school who have more expenses on their back like gas and other necessities. As for all students a job that pays as well to live comfortably is hard to find when you’re attending school to meet the requirements to get that well paying job. 

For current UMSL senior Kailyn Bowman, she states, “The stereotype of being a broke college student hasn’t really applied to me, I’ve been working since I was 16.” There are many other students who are able to live comfortably with the advantages of being able to work throughout the semester. 

For freshman students adjusting to the college experience can be tricky at first because it can be taken for granted but will soon adapt to the other students who have more college experience under their belt. Through saving money there are many loopholes that can apply to students who take their budgeting very seriously. Some examples like signing up for loans, avoiding buying anything from the campus bookstore, going out to bars and attempting to order the “strongest, cheapest drink,” celebrating every time you use your debit card and it gets approved, and eating nothing but candy the week after Halloween to avoid spending money on nutritious food. 

“I like to live the ‘broke college student lifestyle’ though, to be able to save for life events, like getting married and purchasing a home. I shop at Aldi and try to eat-out very little and [buy] six dollar wines,” stated Bowman when asked about her practices when it comes to saving money.