The first consideration is car insurance. Cheap car insurance for young drivers is nearly unheard of, as teenagers are among the riskiest drivers and hence the most expensive group to insure. You are most likely looking at a car insurance premium of at least $100 per month. Think about how much you could do with that money if you don’t blow it on car insurance.

The high cost of gas is another consideration. With the stop-and-go driving of college campuses, even fuel efficient cars can rack up high gas bills. Add on the cost of parking passes or meters and you’re looking at another $100 per month in expenses.

These days most college campuses have excellent shuttle systems that can take you around the school easily. So think about all the money you will be saving by foregoing the car when you head off to school. And don’t forget one more benefit: you’ll be doing your part to help the environment. Doesn’t sound too bad, does it?