I finally received my M-Card, which is the official identification card for U-M students, faculty, and staff. In addition to having access to certain campus buildings and free transportation on city buses, I can also take advantage of student discounts at local Ann Arbor restaurants and services. For example, I discovered I can continue my gym membership at a cheaper monthly rate when I move to Ann Arbor. Sweet savings!
Campus Grotto has a list of 50 tips college students can save money. It includes food, transportation, textbooks, entertainment, finances, and other college expenses. Also check out Why College Students Will Always Be Broke.