Should your College Student Take their Car to School?

Back to school can be a time of big decisions for parents and students. One of the most difficult is whether or not to take a car away to college. Consider the following when making this decision:

• Responsible use – Has your child done his or her part in taking care of their vehicle so far? Have they driven safely and not had a problem with speeding tickets or accidents? Keep in mind the atmosphere of college inevitably means less supervision and more opportunities for poor decisions, so trust is a major factor.
• School policy – Colleges have varying policies on cars for students. Many universities don’t allow first-year students to bring cars to campus. If your student’s school does allow vehicles, the next thing to look into is parking. Will there be a nearby lot or deck they can park in, or will they have to park further away? If the parking area safe?
• Convenience to family – Does it make sense to the rest of the family that your student’s car be gone for semesters at a time? There could be younger siblings near or of driving age that may need the car.
• Jobs or internships – If your student has a part-time job or internship this fall, especially off-campus, then it is important they have a reliable means of transportation.
• Cost – Does your child have a way to pay for gas, parking permits, etc., or will you be covering that? Come up with a plan, such as you paying a certain percentage if your student maintains a certain GPA.
• Rules – Should you make the decision your student will take their car, establish some ground rules. Classmates will surely ask to borrow or drive the car at some point.
• Alternatives – Should you decide your student won’t take their car, there are several alternatives to having a car on campus to consider.